Is there a statute of limitations on when a debt can be collected?

Full question:

Is there a statute of limitations on when a debt can be collected?

  • Category: Divorce
  • Subcategory: Separation Agreements
  • Date:
  • State: Florida

Answer:

The term "legal separation" is more colloquial than legal in nature. It can involve a court order declaring that a couple is no longer living together, and that all the issues concerning the marriage have been resolved (child custody, child visitation, child support, spousal support, distribution of property, attorney fees, and personal conduct) with the exception of marital status. Spouses who are separated are not free to marry since neither has been returned to the legal status of an unmarried (single) person.

Not all states recognize a legal separation. These states include Delaware, Florida, Georgia, Idaho, Mississippi, Pennsylvania, and Texas.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

In many states, a debt that is 10 years old may still be collected, depending on the statute of limitations. If the statute has expired, creditors cannot sue you to collect the debt, but they may still attempt to collect it through other means. It's essential to check the specific laws in your state, as some states allow collection efforts for debts up to 10 years old or longer. Always verify your state's rules regarding debt collection and the statute of limitations.