Im still confused can a creditor levy bank accounts after the statute of limitations if they have a court judgement or would this action be unlawful?
2007-10-04 13:22:11 · 3 answers · asked by garynandra 3 in Business & Finance ➔ Personal Finance
The statute of limitations restricts how long you can be sued for the debt. If they have a judgment, they have already sued and won. The length of time a judgment can be executed is totally separate from the statute of limitations and starts when the judgment is issued. Some states allow the judgment to be renewed indefinitely.
2007-10-04 14:46:03 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
I guess it would depend on when they got the judgement? Before the SOL (statue of limitations) or after it had passed. The problem lies with the court. You will need to prove that the SOL had passed.
Good luck
2007-10-04 20:32:05 · answer #2 · answered by planodad75093 2 · 0⤊ 1⤋
if they haven't validated it, and they purchased the debt
past the SOL, then you need a lawyer to sue them back
plus how did they get your banking information if you did
not give it to them (which you were not obligated to do if you did) GET A LAWYER
www.creditinfocenter.com
2007-10-04 20:33:41 · answer #3 · answered by Anonymous · 0⤊ 1⤋