Legal Question in Civil Litigation in Illinois

statue of limitation on loan from friend

when do the statue of limitation run out on a debt you owe someone


Asked on 3/26/07, 9:52 pm

2 Answers from Attorneys
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: statue of limitation on loan from friend

That depends on whether there is a written or oral agreement.

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Answered on 3/26/07, 10:21 pm
Noelle Ansley Noelle Ansley

Re: statue of limitation on loan from friend

You need to provide more information for your question. Are you trying to determine how long one has to repay such a loan, or how much time one has to bring suit?

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Answered on 3/26/07, 11:27 pm


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