Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Khadija Khartit is a strategy, investment, and ...

Learn what is the statute of limitations on debt, how it varies by state and when debt may no longer be collectible. See how ...

A statute of limitations is the deadline for filing a lawsuit. Most lawsuits must be filed within a certain amount of time. In general, once the statute of limitations on a case “runs out,” the legal ...

What is the Statute of Limitations? The Internal Revenue Code limits the time in which the government may assess tax. There are two civil statutes of limitations. The first is the period during which ...

What is a time-barred debt? A time-barred debt is any overdue payment that has passed the statute of limitations in your state. Whether it’s credit card debt, medical debt or unpaid auto loans, if ...

What happens when the statute of limitations expires? When you stop making payments on a debt and become delinquent, your creditor may send your debt to a debt collector. Debt collectors will attempt ...