In November 2002 I sued a former friend. I managed to get only $100 from him but it cost that much just to sue and another $50 to register it and another $20 to drag him into "discovery". I only registered it that one year because I didn't want to keep spending $50 each year to do it. The judgement is supposed to accrue at 7%. Can I still go after him for my money after all this time?
2006-10-03 13:39:47 · 2 answers · asked by Dellajoy 6 in Business & Finance ➔ Personal Finance
Yes, petition the court to garnishee his wages, and add in all of your court costs as well as the 7%.
7 years is the statute of limitations.
2006-10-03 13:41:59 · answer #1 · answered by Anonymous · 1⤊ 0⤋
It depends on the state. Each state has a different statute of limitations on collection of debts. You would have to find out what the SOL for your state is.
2006-10-03 15:17:37 · answer #2 · answered by personal_finance_101 3 · 0⤊ 0⤋