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


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.

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.