What is the statute of limitations in Texas for debt collection?

Answer 1

SOL's do not apply to deceased persons. When a person dies all their assets, property and debts are entered into probate. Assets and property which are not exempted under state law are used to pay debts in accordance to their priority. It is the duty of the executor of the estate to inform all creditors of the probate filing. Creditors then have a specified amount of time as established by state law to file a claim against the deceased's estate.

Answer 2

Texas Statutes of LimitationThe Texas Civil Practice & Remedies Code provides a 4-year limitations period for types of debt. The SoL begins after the day the cause of action accrues, (Section 16.004 (a) (3)).

Texas Collection Laws

• Texas Collection Laws Interest Rate

  Legal: 6% with agreement can charge up to 18%. w/o agreement - statutory interest of 6% begins to run 30th day after becoming due

  Judgment: 10%

• Texas Collection Laws Statute Of Limitations (Years)

  Open account : 4

  Written Contract: 4

  Domestic Judgment: 10 (Renewable)

  Foreign Judgment: 10 (Renewable)

• Texas Collection Laws Bad Check Laws (NSF) (Civil Penalty)

  N/A

• Texas Collection Laws General Garnishment Exemptions

  100% of Wages

Answer 3

my husband, before we got married, purschased a horriblw trailerhouse thru Greentree. He had it for maybe a year and the thing was litterly falling apart. We wrote and called the company several times to get them to come and get the trailer. I also took photos of the cardboard walls and the silicone stips that held the walls in place, and other things that was wrong. I sent certified letters as well. Finally months later they came and picked up the trailer, this was in 1995 or 1996. They are still trying to make us pay for that piece of junk. we recently got a letter from an attorney saying that they are giving us 30 days to dispute this charge. Is there anything we can do and isn't there a statute on the time it has been? Please help us. Thanks

Answer 4

A statute of limitations sets forth the maximum period of time, after the debtor becomes delinquent, that legal proceedings (law suits) can be initiated. After the times shown below, a court will throw out any lawsuit

Open Accounts 4 yrs Contract in Writing 10 yrs Domestic Judgments 10 yrs Foreign Judgments 6 yrs Legal Rate 18% Judgment Rate 5.5% Civil Penalty N/A Garnishment Exemption 100% of wages

Answer 5

Normally it matters as to how the debt was recorded. But Texas has the same statute of limitations for all types of debt. They have set it at 4 years.