Expert: Terry Leeders - 4/4/2007

Question
I FILED A CHAPTER 13 9 YEARS AGO AND IT WAS DISMISSED. I JUST BARELY REC'D A COLLECTION LETTER ON A 9 YR OLD DEBT. I WAS WONDERING WHAT THE LAWS ON TIMELY COLLECTION IF ANY? DO I NEED TO PAY BACK THIS DEBT 9 YEARS LATER?
THANK YOU SO MUCH FOR YOUR HELP!!!

Answer
If your case was dismissed, then you did not eliminate the debt.  If your case was discharged and you scheduled the debt, you can give the creditor a copy of the discharge to clear it out.  

A creditor can collect on a debt if the debt was renewed.  Several events can toll the statute of limitations on collections.  Perhaps you should consider a chapter 7 or file another chapter 13 depending on your current situation.
Feel free to contact me if you want to consider it.
THanks
Terry Leeders