New South Wales isthe only territory where a debt is completely cancelled after the statute of limitations. ... This means that you can still make attempts to recover the debt, but you need to tread carefully. Once a debt is statute barred, all you can do is ask for payment. Is it t...
Usually, it isbetween three and six years, but it can be as high as 10 or 15 years in some states. Before you respond to a debt collection, find out the debt statute of limitations for your state. If the statute of limitations has passed, there may be less incentive for you to pay...
then brought suit.13The defendant contended that the statute of limitations had long expired with regard to the notes and that the additional payments made to the plaintiffs were not referable to the notes, but r...