Debt Relief
Q. Must I pay a debt for which the statute of limitations has expired?
A.
If the statute of limitations has passed, formally notify the creditor. Any partial payment resets the clock.
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Invoke the statute of limitations (Art. 145) via formal notice to eliminate payment obligation. Warning: any partial payment or acknowledgment resets the clock (Art. 152). Never agree to pay even partially without consulting a lawyer.
This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.
Related Questions
Q. What happens when you file for personal bankruptcy? What are the downsides?
Q. What is individual rehabilitation (kojin saisei)?
Q. What is the statute of limitations on debt? What is invocation of prescription?
Q. What is voluntary debt arrangement and how does it differ from bankruptcy?
Q. Can my wages be garnished for unpaid debts?
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