What is the name of your state? North Carolina
Ok....I have been separated/divorced from my ex husband for 9 years. We had a home improvement loan for $4500 that we took out in 1994-95 (can't remember exactly). When we divorced he kept the house....he filed bankruptcy in 97 and this loan was included in it. However, I didn't file....after all these years....I got a notice of judgement and now a writ of execution to satisfy this loan....This is from a 3rd party agency that evidently bought the loan. It hasn't been on my credit report in some time.
Honestly, I didn't think they could do anything to me but now I'm worried...the only things I have in my name with my current husband is the house....and my car is in my name.
After doing research on the internet about the Statute of Limitations in North Carolina it doesn't seem like they could do anything this many years later. The SOL in NC for this type of loan is 3 years. So, here are my questions:
1) How did they get the judgement in the 1st place if the SOL has expired?
2) Can they seize my assets?
3) If not, how can I have this judgment reversed? What do I do?
This is the last thing haunting me from my divorce and the only thing left to clear up my credit but I don't have $6000 to pay this.
Please tell me what to do!