Question: In EU countries debts expire after 3 or 5 years, if no party claims them. It is not possible to remember and start collecting 10 years old debts. Is there similar period in US?
According the the article: " the result of a single sentence tucked into the farm bill lifting the 10-year statute of limitations on old debts to Uncle Sam."
So apparently, no there is no longer a similar period in the US.
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[ 2.8 ms ] story [ 21.6 ms ] threadQuestion: In EU countries debts expire after 3 or 5 years, if no party claims them. It is not possible to remember and start collecting 10 years old debts. Is there similar period in US?