Statute of limitations in Illinois has not changed
Q: I heard that statute of limitations in Illinois has recently changed, both on debt and judgement? Can you confirm? This is quite important for me. I need to get that right .. thanks.
A: No, to the best of our knowledge either Illinois statute of limitations is still the same, just as it has been for some time. Statute for oral contract is 5 years, for written contract is 10 years, for promissory note is 6 years and for open-ended account is 5 years. Statute of limitations on judgement is 20 years. See Illinois statute of limitations on debt.
Sat May 1, 2010 11:05PM | Copyright: www.bad-credit-advisor.com | More in Relieving Debt | Comments (0)
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