Texas Statute of Limitations on Debt Collection
If you have recently been sued, or served with a lawsuit, you
need to take action. Don't sit around and do nothing. If you fail
to act, the creditor will get a judgment against you. Once that
happens, they can garnish wages, attach to assets or property, and
pursue this for 10 or more years thereafter. Read the summons
carefully and follow the instructions provided. Call for help if
you need it. But most importantly, don't be late. You may have a
defense to the lawsuit such as a claim that the complaint was not
filed within the statute of limitations. Every lawsuit has a limit
of time with which it must be filed. If the lawsuit filed against
you was outside of the statute of limitations, you may be able to
get that case dismissed.
Contract or written instrument and for mortgage foreclosure: 5
years. F.S. 95.11.
The Texas Civil Practice & Remedies Code provides a 4-year
limitations period for types of debt. The SoL begins after the day
the cause of action accrues, (Section 16.004 (a) (3)).
Talk to an experienced debt collection attorney at SmithMarco,
P.C. today at 888-822-1777 or contact us here for
a free consultation.