Legal Question in Credit and Debt Law in Minnesota

A lawsuit based on a breach of a contract must be filed within 6 years of the breach. It is up to the defendant to assert this defense. It appears that the creditor has a judgment if "there is a levy on [your] funds." So it is probably too late to assert the defense, unless you can have a default judgment vacated. You must act quickly if you are seeking to have the judgment vacated.

If you have a levy on an account, a Judgement was entered against you. That means the statute of limitations for collection on a Judgment is 10 years from the date the Judgment was entered. The Judgment is renewable for a second 10 year term if renewal occurs before expiration.

"Levy" would ordinarily mean that you were sued and a judgment docketed. Look on the state court website (www.mncourts.gov) under trial court records to find out. If you were sued but not served, maybe you could reopen the case.