What is the statute of limitations in which to collect past due invoices?

That is what is the time limit for which I can sue for this?

Asked on September 8, 2011 under Bankruptcy Law, Alabama

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

It depends exactly on what the invoices derived from. Assuming that they were for the provision of services or the sale of goods, it most likely that the applicable statute of limitations would be the one for contracts, which is s 6 year statute of limitations. That is, you would have 6 years from when the invoice was first defaulted on, or not paid on time or according to its terms, to take legal action. However, as noted, the nature of the invoices--the transaction giving rise to them--is critical, since every cause of action has its own statute. In any event, there is no reason to delay if you think you have a caue of action--you should contact an attorney and file suit, to make sure that you don't accidentally wait too long and lose your right to sue.


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