Posts by Nicholas Palmer3

Daniel Martinez9 said:Yeah... the statute of limitations for those types of collections is 10 years... on one condition: an enforcement action wasn't started and the matter isn't part of a civil lawsuit... if it is, you look at the statute of limitations for the specific civil case (I'm not exactly sure what that timeframe is here)...
From what I can see, you mentioned they haven't been able to start collecting... which would mean an enforcement action was initiated and became final, but the creditor just hasn't sent it to the IRS for collection... in that scenario, there is no statute of limitations...

The court ruling is final and was sent over to FIFA, but they just haven't been able to successfully begin the collection process within that ten-year window.

Does the statute of limitations still apply if there's an IOU or a court judgment that became final, but they just haven't managed to start the collection process over the last 10 years?