Posts Tagged ‘limit’

They Can’t Sue You Forever

In Uncategorized on February 17, 2011 at 1:21 pm

Creditors have only a limited period of time to collect their debts. Once the time has passed, you are not legally oblgated to pay them. The length of time varies depending on the type of debt and state law. Here is a breakdown for Ohio and Kentucky.


  • Written or oral account: 6 years, (O.R.C. §2305.07).
  • Written contract: 15 years, (O.R.C. §2305.06).
  • Oral contract: 6 years (O.R.C. §2305.07).
  • Note payable at a definite time: 6 years, (O.R.C. § 1303 .16(A)); (2)).
  • Demand note: 6 years after the date on which demand is made or 10 years if no demand is made and neither principal nor interest has been paid over that time (O.R.C. §1303.16(B)).
  • Dishonored check or draft: 3 years after dishonor, (O.R.C. §1303.16 (C)).


  • Recovery of real property: 15 years (KRS 413.0 10).
  • Judgment, contract or bond: 15 years (KRS 413.110).
  • Breach of sales contract: 4 years (KRS 355.2- 725).
  • Contract not in writing: 5 years (KRS413.120). NOTE: Action for liability created by statute when no there is no time fixed by statute: 5 years (KRS413.120).
  • Action on check, draft or bill of exchange: 5 years (KRS 413.120).
  • Action for fraud or mistake: 5 years (KRS 413.120).
  • Actions not provided for by statute: 10 years (KRS 413.160)