Missouri 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 below, and if the debt had gone
into default longer ago than the statute of limitations period, you
may be able to defeat that lawsuit.
Written agreement that contemplates the payment of money or
property: 10 Years, (Missouri Revised Statute §5l6.ll 0). NOTE:
Under certain circumstances, the contractual statute of limitations
may be reduced to five years.
Open accounts: 5 years, (Mo. Rev. Stat. §5l6.l20).
Talk to a lawyer now for any further Missouri Statute of
Limitations concerns. Contact SmithMarco, P.C.
here or at 888-822-1777 for a free consultation.