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What are the chances that a creditor will sue you just before the statute of limitations runs out?
Wiki User
∙ 19y ago
The decision to sue a consumer to recover debt within SOL is often made with collectability and profitability in mind. The collection agency would consider the amount of the debt, whether or not the consumer had any real property, bank accounts, and/or income which could be garnishd. The "chances" would be greater if the answer is yes.
Wiki User
∙ 19y ago
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Is there a statute of limitations on a DUI in Connecticut?
A statute of limitations only applies before charges are brought. Once charged in Connecticut, there is no limit.
Does the increase for the statute of limitations affect mortgages that were made before the increase of the statute of limitations?
Mortgages don't have a statute of limitations. There may be a civil suit brought if the mortgage isn't paid, but the mortgage doesn't expire.
Is there a statute of limitations on DUI convictions in California?
A statute of limitations only applies before charges are brought. Once charged, there is no limit.
Can a judgment be reversed if statute of limitations is up in state of NJ?
Not if the judgment was obtained before the statute of limitations for the debt expired. The statute of limitations requires that a lawsuit be filed on the claim before the limitation runs out. While it might prevent the plaintiff from getting the judgment, but it does not invalidate the judgment.
Is there a statute of limitations on DWI in Missouri?
Once charged in Missouri, there will be no limit. A statute of limitations only applies before any DUI charges are brought.
Should a plaintiff be concerned about the statute of limitations?
Yes, they must be aware of the statute of limitations. If they do not file suit before it expires, they will not be able to bring their opponent to court.
Is there a statute of limitations on DUI charge in Texas?
Once charged in Texas, there is no limit. A statute of limitations only applies before any DUI charges are brought.
Is there a statute of limitations on DUI in NC?
A statute of limitations only applies before any DUI charges are brought. Once charged in North Carolina, there is no limit.
Is there a statute of limitations on a DUI in Texas?
In Texas, there is a two-year statute of limitations for prosecuting misdemeanor DUI cases, starting from the date of the offense. For felony DUI cases, which involve serious injury or death, there is no statute of limitations.
Statute of limitations for separation?
Each state has a different statute of limitations for separation for a divorce. In New York state you must be separated for one year before a divorce.
Is there a statute of limitations on a DUI in Illinois?
In Illinois, there is no statute of limitations on prosecuting a DUI offense. This means that a person can be charged with a DUI at any time after the incident occurred.
What is the statute of limitations on engagement ring in NJ?
If the bride dies before the wedding, what is the statue of limitations on the engagement ring
