whats the sol in missouri on judgment debt?

Submitted by broge567 on Wed, 03/17/2010 - 13:00
Forums

I was sued 10 years ago by a debtor and lossed but i never paid and they have never collected, is it passed the sol?

STATE: MISSOURI

Interest Rate

* Legal: 9%
* Judgment: 9%

STATUTE OF LIMITATIONS (IN YEARS)

* Sale of Goods: 4
* Open Account: 5
* Written Contract: 10
* Sales (UCC) Contract: 4
* Money & Property:
o Domestic Judgment: 10 (revived every 10 years)
o Foreign Judgment: 10 (revived every 10 years)

BAD CHECK LAWS (CIVIL PENALTY)
Three times face amount owed plus attorney's fees.

GENERAL GARNISHMENT EXEMPTIONS
See federal law; exempt 90% of week's pay, head of household, single person w/o dependable = 75%.

Wed, 03/17/2010 - 13:55 Permalink

revived every 10 years means that the plaintiff can keep it on your report for ever if they are willing to keep going back to court.

Wed, 03/17/2010 - 13:57 Permalink
Anonymous (not verified)

the debt is not on my credit report any more and they havent tryed to take me back to court

Wed, 03/17/2010 - 14:19 Permalink

Hi Broge,

A judgment if not renewed within the 10 years, then the judgment expires. If the collection agency wants to collect the dues, they will have to file a new judgment against you. Thus, the judgment has fallen off your credit report after the 10 year period.

Hope this helps.

Regards,

Aaron

Fri, 03/19/2010 - 05:13 Permalink