Statute of Limitations (SOL) on Debt by State
December 13, 2009 No comments yet
The statute of limitations (SOL) is the time limit for the creditor or debt buyer to file a lawsuit against the debtor. This period starts when the debtor makes the last payment or becomes delinquent. Even though the SOL has “run” (expired) on a debt will not prevent a lawsuit from being filed (via a [...]