thorice Posted January 22, 2008 Report Share Posted January 22, 2008 I recently got a collection notice about an old utility bill. I was wondering is this considered an promissary account, verbal account, or opened ended account for Statue of Limitation purposes? Link to comment Share on other sites More sharing options...
2001Badyear Posted January 22, 2008 Report Share Posted January 22, 2008 You may want to move to a different state..... Maybe Texas?This is most likely treated as a written and in your state that's a SOL of 10 years. Only half kidding about moving as some states (Florida comes to mind) toll the SOL if you leave, meaning it freezes in time.You need to look at this for MO. Not sure how much is owed, or how long it's been out there, but may want to settle on something like this. Link to comment Share on other sites More sharing options...
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