Colorado Statute of Limitations on Debt Collection
Have you recently been served with a lawsuit? If you have,
perhaps the first thing you want to find out is whether the statute
of limitations has expired on this case. The statute of limitations
is the limit of time the creditor had to file this lawsuit against
you. If they did not file it in a timely manner, the case should be
dismissed. Check to see the limitations period in your state, and
if the debt had gone into default longer ago than the statute of
limitations period, you may be able to defeat that lawsuit.
All contract actions, including personal contracts and
actions under the UCC: 3 years (C.R.S. 13-80-101), except
as otherwise provided in 13-80-103.5; All claims under the Uniform
Consumer Credit Code, except sections 5-5-201(5); All actions to
recover, detain or convert goods or chattels, except as otherwise
provided in section 13 -80-103.5.
Liquidated debt and unliquidated determinable amount of money
due; Enforcement of instrument securing the payment of or
evidencing any debt; Action to recover the possession of secured
personal property; Arrears of rent: 6 years, (C.R.S.
Contact SmithMarco, P.C. for any Colorado Statute of Limitations
questions. Do not hesitate to call us at 888-822-1777 or contact us here for a free consultation.