My son-in-law borrowed money from me totalling $7,800.00. The repay agreement was notorized on 2/11/02. The agreement was to repay this amount at a rate of $100.00 a week via payroll deductions. To date he has paid nothing. Is it too late to collect via Court action?
Not necessarily. The statute of limitations is 3 years, but it starts from the last date it was acknowledged, the the date the agreement was signed. Please let me know if you need more assisatnce.
