Should you ever wondered whether or perhaps not there clearly was a statute of limitations (SOL) on debts, the brief response is “yes.” regrettably, this quick solution can be deceptive as nearly all the fifty states have actually various statutes of limits on different types of debts. The statute of limitations on written contracts, oral agreements, promissory notes and open-ended accounts is the same – four years for example, in Texas. However in Arizona, it is 6, 3, 5 and five years correspondingly. Pokračování textu A statute of restrictions is a time period of years after which it a creditor can no sue you to longer collect on the financial obligation