Legal Question in Credit and Debt Law in California

Re: Monies owed our company

Yes, there are always legal time limits. The attorney you retain will be able to advise you, especially since you provided so few facts.

Re: Monies owed our company

Yes, there are always legal time limits. The attorney you retain will be the best person to advise you, especially since you provided so few facts.

Re: Monies owed our company

There are a variety of statutes of limitation for collection of debts. It depends upon the type of service you provided, whether you had an oral or written agreement and a host of other issues. If you post more details, I'm sure members of this site can get you an estimate, but to really be sure, and with a debt of that size, I would strongly suggest spending the time and money to have an attorney review it and suggest your course of action.

*Due to the limitations of the LawGuru Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. The information provided is general and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence.

Re: Monies owed our company

If you had a written contract, an attorney would need to review it to determine for certain the timeframe you are looking at.

However, and in general, if you do have a written contract, you four (4) years from the date of the breach of the contract in which to file a lawsuit.

If the contract was verbal, you have only two (2) years.

Either I or another qualified business attorney could review your contract. If you would like me to, I charge $200 for the review and an opinion letter as to your issue. Please feel free to email me a copy of the contract if one exists, as well as the date of the breach.

Kind regards,

Marc

Re: Monies owed our company

Generally the statute of limitations for a written contract is four years and two years for an oral contract. Please call us if you have any other questions.

Re: Monies owed our company

As others have noted, there are always time limitations associated with litigation. What steps have you taken to recover the money thus far? Something to keep in mind in this economic climate; we always advise our business clients to move fast on debts of this size, as bankruptcy is always a threat to your recovery if you wait too long.

We work with many clients in NorCal, if you would like to discuss your situation further, feel free to email or call.

Yours truly,

Bryan

877.201.8728

619.400.4929

Becker Attorneys

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