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Statue of Limitations Law

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D

dbette

Junior Member
What is the name of your state? IL.

As a business owner, can I go back as far as 2001 to collect on a
construction debt?
 


J

JETX

Senior Member
dbette said:
As a business owner, can I go back as far as 2001 to collect on a construction debt?
Click to expand...
Your being a business owner has nothing to do with it.
The answer is.... no.
The SOL for a debt in your state (IL) is:
Sales (UCC): 4 years
Open Acct.: 5 years
Written Contract: 10 years
 
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