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Go Back   Law Forums at Onlypunjab.com > BANKRUPTCY AND CONSUMER CREDIT > Personal Banking & Credit Cards

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Old 05-20-2006, 06:45 AM
Yahaira Yahaira is offline
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Default statute of limitations

hello guys, plz tell me about the statute of limitations in NY for the collection of a debt? any help?
thank u!
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Old 05-20-2006, 06:48 AM
legalexpert legalexpert is offline
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hi yahaira, Statute of Limitations is 6 years from the date of the inception of the contract, or from the date of your LAST payment, whichever is later, if a creditor or collection agency fails to file a lawsuit against you within that time frame, it's all over after that.
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Old 05-20-2006, 06:50 AM
Yahaira Yahaira is offline
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thank you so much for the feedback. appreciated very well.
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