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Unpaid Debt Over 14 Years Ago

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sleezy

Junior Member
What is the name of your state? IA

Hi All,
I have a friend you lent a family member approximately $50K back in 1993 however never received any payment. He does have a legal promissory note signed by the borrower stating that so and so payments will be made monthly for X number of months. Since this debt was 15 years ago can he still act on suing the borrower ? thank you for your response
 



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