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The estate takes care of any debts owed by the deceased. They need to contact all of the debtors and settle loans and debts before the estate can be closed. In most cases, once the estate has been settled and the court has signed off on it, it is pretty difficult, but not impossible, to get it re-opened.

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13y ago
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15y ago

The Statue of limitations on collecting a debt are different for each state. You will need to look at the limit for the state the debt was incurred in and there are different catagories as well. i.e credit card (open end debt) closed debt (car loans) etc. It falls around 5 to 6 years approximately for the debts to be in default. You can write a cease and desist letter to the collection agency advising them to stop all further communication with you re: the unpaid debt. You will not have to pay the debt, but it will stay on your credit report for 7 years from the date of last activity.

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10y ago

It depends on the type of agreement (oral or written) and the jurisdiction. It could be anything from 2 years to 15.

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15y ago

Yes, it depends on what state your in, check your state government website for laws. Every state has different statue of limitations laws.

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15y ago

The SOL for outstanding debts is determined by the laws of the state in which the debtor resides. In most US states time limits differ depending upon the nature of the debt.

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13y ago

It depends on the type of debt and the jurisdiction. Written obligations usually have longer periods then oral agreements. Open ended accounts, such as credit cards, tend to be longer.

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16y ago

9 years.

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Q: What is the statue of limitations on a personal loan not paid?
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What is the statue of limitations on a car lien?

The lien is no longer applied to the vehicle when the loan is paid off. You can then get a lien release from the lender. As long as the loan has not been paid off the vehicle still has a lien on it.


Can someone be sued over 3 year old canceled checks that state loan on them?

You need to check the statute of limitations for personal loans in your state. It may be too late to collect. If the time has not passed, the checks could be used in court as evidence of the loan and the debtor would need to provide proof they paid the loan.You need to check the statute of limitations for personal loans in your state. It may be too late to collect. If the time has not passed, the checks could be used in court as evidence of the loan and the debtor would need to provide proof they paid the loan.You need to check the statute of limitations for personal loans in your state. It may be too late to collect. If the time has not passed, the checks could be used in court as evidence of the loan and the debtor would need to provide proof they paid the loan.You need to check the statute of limitations for personal loans in your state. It may be too late to collect. If the time has not passed, the checks could be used in court as evidence of the loan and the debtor would need to provide proof they paid the loan.


Is there a statute of limitations on an sba emergency disaster loan of 264000?

No, there is not a statute of limitations on an SBA emergency disaster loan. The debt will be collected until it is paid off.


What is the statute of limitations for collecting back payroll taxes in Indiana?

In the state of Indiana there is a 6 year statue of limitations for collecting back payroll taxes. However, if the business is located in Indiana and has not paid federal payroll taxes to the IRS, the statue of limitations is 10 years.


Can one file lawsuit when a promissory note left in a will is not paid by the borrower?

Yes. If the loan is not paid within the time limit on the promissory note you can sue in court. However, pay close attention to the statute of limitations in your state.Yes. If the loan is not paid within the time limit on the promissory note you can sue in court. However, pay close attention to the statute of limitations in your state.Yes. If the loan is not paid within the time limit on the promissory note you can sue in court. However, pay close attention to the statute of limitations in your state.Yes. If the loan is not paid within the time limit on the promissory note you can sue in court. However, pay close attention to the statute of limitations in your state.


What will happen if you become a defaulter of a personal loan in India?

The financial institution in which you applied the loan will make a follow up on you ensuring that the loan is paid back if you have any other query related to personal loans then visit creditnation.in/Personal-Loan


What happens if a person in India can not pay the personal loan and leaves the city he stays?

The financial institution in which you applied the loan will make a follow up on you ensuring that the loan is paid back if you have any other query related to personal loans then visit creditnation.in/Personal-Loan


Is it better to open a new credit card or get a small personal loan?

a small personal loan, as you have set manageable repayments, cant respsnd once paid off (avoids negative equity) and boosts credit rating when paid off a small personal loan, as you have set manageable repayments, cant respsnd once paid off (avoids negative equity) and boosts credit rating when paid off


Can you claim interest paid on home equity loan?

Generally, but there are limitations and qualifications. See the related article for more details.


What happens if you don't pay your personal loan in India and leave the country?

The financial institution in which you applied the loan will make a follow up on you ensuring that the loan is paid back,possibly even your visa passport will be terminated, if you have any other query related to personal loans then visit creditnation.in/Personal-Loan


If you have been paying on a hospital debt from 2002 how long can a collection agency collect on the debt?

All debt has a statue of limitations. However that Statue of Limitations varies by locality. In most areas that Statue of Limitations is renewed whenever you make a payment. In your example the statue of Limitations is 4 years but you have been paying since 2002 and presumably have made a payment recently. In that case those 4 years begin at the time that you stop making a payment.The short answer is that in most areas the debt is owing till its paid. If if the account is beyond the Statue of Limitations it simply means the agency can't force you to pay through court order. However, they can still request payment.California is the notable exception but you need to research your own local laws.


How do you get out of responsibility for a loan if you are a cosigner?

The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.