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John Clark6 said:I honestly feel like by making these occasional payments, you've managed to pause the statute of limitations and basically acknowledged the debt...
So wait, does that mean there’s no such thing as an absolute expiration date here?
Hey guys, I could really use some advice here,
Is there such a thing as an absolute statute of limitations on a business debt from back in 2005 or 2006? It’s a debt for my small business, and just so you know, we’ve been chipping away at it by making occasional payments here and there over the years.
I really want to get this cleared up and paid off, but things are just super tight right now and I can't swing it, so I'm low-key stressing about a potential collection action or a lawsuit. If they actually try to come after me, can I legally argue that the debt has expired?
Thanks a bunch!