Debt Collection Problems

Debt Collection Laws

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. 13-80-103.5)

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.