What is the statue of limitations on a debt that is almost 10 years old?

With no court judgment obtained.

Asked on January 15, 2013 under Bankruptcy Law, Virginia

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Under the laws of most states in this coutnry the statute of limitations for a debt arising from an oral contract is two (2) years and a written contract four (4) years. As to a common count for money had and received the statute is four (4) years.

From what you have written, the ten (10) year old debt with no lawsuit filed yet is time barred under the statute of limitations of all states in this country.


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