Michigan  |  Credit and Debt Law

Legal Question

Asked on: 5/21/07, 10:35 am

Statute of limitations on judgment

I have a judgment that was entered more than 10 years ago. I have paid it every month. I read that the statue of limitations on judgments is 10 years to fully collect the debt. After 10 years the uncollected portion is void and further collection must cease providing an extension has not been filed by the third party collector. True or false? Thank you.

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