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Take a look at http://www.fair-debt-collection.com/statue-limitations-explained.html

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βˆ™ 2008-08-18 13:28:06
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Q: If you have a judgment in your name and make a payment after four years does this extend the statute of limitations?
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Related questions

Does an insurance payment extend the statute of limitations in Wisconsin?

If it deals with the validity of the insurance agreement, yes. If it is related to a claim made by someone else, no.


What can restart the statute of limitations on medical bills?

There are a number of ways to extend the statute of limitations. Any payment toward the bill will restart the clock. Any acknowledgement that the debt is owed starts the clock over. If they call and you say, "Yes, I know I owe it" you have started the clock again.


What is the statute of limitations on unpaid traffic tickets in BC?

There is a statute of limitations on unpaid traffic tickets in BC of five years. This can be renewed if the city attorney wishes to extend the limit.


Do you still have to pay a store card debt after 7 years?

The statute of limitations per the FDCPA (Fair Debt Collections Practices Act) is seven years from the date of last payment. In that time, if it becomes clear to the creditor that you will not have paid off the balance owed, they will very likely obtain a judgment against you that will extend this to ten years from the date of the judgment.


What is the statute of limitation on IRS debt?

Generally the statute of limitations for an IRS debt is 10 years from the date the tax liability was assessed. There are several things that can extend the statute of limitations however. Filing bankruptcy will extend the statute by the amount of time the taxpayer is in bankruptcy if the bankruptcy does not completely eliminate the tax liability. Submitting an Offer In Compromise will extend the statute as well. There are many other factors that affect the statute of limitations. If you have a question about your collection statute in relation to your tax liability, some experts offer a free tax consultation. Knowing when your collection statute expires can prove to be very valuable information for a variety of reasons.


If a 20 yr judgment is not satisfied and soon to be expired then some money is paid by debtor as acknowledgement of money owed does this extend the judgment from day of receipt of that payment?

Yes, it does extend the running of the SOL on the debt.


Do the statute of limitations and the right to a speedy trial cover the same rights?

To a limited extend they have the same purpose of making sure things are done properly and the defendant has the ability to protect themselves. The purpose of a statute of limitations is to limit the time frame in which one can bring a law suit.


What is the statute of limitations on unpaid taxes to the IRS?

Generally ten years, but there are several things that can extend this. Anytime the IRS cannot collect the debt, the statute of limitations is tolled, or stopped. This includes filing bankruptcy, filing certain appeals, filing an Offer in Compromise, or if you leave the country.


How long is statute of limitations if there is fraud or conspiracy for stealing good or land sale receipts?

From 2 years it can extend for more than 10 years tooo


Does death of plaintiff extend Statute of limitations?

It may for a civil suit if it was a result of the action being sued for. It may have to be converted to a wrongful death suit for the estate.


What is the statute of limitations for an injury law suit?

It varies by jurisdiction. In most places such cases are limited by 3 or 5 years. But there are reasons, such as discover of the injury, that can extend this time.


What is the statute of limitations for a class action in the USA?

3 years is the "general" statute of limitation on most class actions such as intentional tort, quasi-contract, and the likes. However, there are exceptions to that and they vary widely and extend as long as 10 years as in the following example: "....suing under the Alien Tort Claims Act (ATCA), which has a statute of limitations of ten years and concerns torts relating to personal injury, not property."

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