How long is a creditor able to come after you for a debt after you default.
Question Details: At what time is it time-barred?
A creditor can come after a debtor indefinitely. However, they can only sue and attempt to obtain a judgment in court for a limited period. The "statute of limitations" (i.e. the timeframe in which a creditor can sue on a debt) varies from state-to-state (an the type of debt involved). Typically, a S/L runs from 3-10 or so. This means that if your creditior does not bring you to court within the specified time period, they are barred from ever doing so in the future. This means that while the debtor still owes on the debt, the creditor has no way to enforce collection. To find the S/L for your state just google for the info.
Rate This Answer:
Not Yet Rated
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.