Legal Question in Credit and Debt Law in New York
Restarting the statue of limitations on debt collection in NY State
In New York State, can a verbal acknowledgement to a collection agency of a credit card debt or a verbal promise to pay said debt restart the statute of limitations on that debt?
Thank you in advance for your help!
Asked on 5/30/08, 1:33 pm
1 Answer from Attorneys
Andrew M. Doktofsky
Andrew M. Doktofsky, P.C.
Re: Restarting the statue of limitations on debt collection in NY State
An acknowledegment that a debt is owed is not, by itself, sufficient to start a new limitations period. What can start the period over is a promise to pay the debt. However, the promise must be in writing. Also, a payment towards the debt will start a new limitations period.
Answered on 5/31/08, 4:39 pm
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