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Whenever the collector/creditor makes the decision to file a lawsuit to recover the monies owed. All states have SOL's that set the time limit for the filing of a valid suit against a debtor. Please be advised, that even if the SOL for your state has expired, it is possible for it to be tolled by the court at the judge's discretion based on case circumstance. Also, it is the debtor's responsibility to introduce the expiration of an SOL as defense, such a stipulated defense is not "automatic"

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16y ago

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