Statue of Limitations Insurance Claims
My husband was in a motor vehicle
accident 4 1/2 years ago. There were
two elderly retired adults in the car.
The police were called but filed no
report. He did not report the incident
to his insurance company b/c he was
afraid he would lose his job. He paid
the other party's insurance company
for the damages on the vehicle. He
called a few weeks later to make sure
everything was fine, as far as he
knew he had paid everything out. No
other contact was made in the 4 1/2
years. We received a demand letter
from an attorney for $18,000.00 to
be paid for an injury to the other
party's insurance company a week
ago. We are getting conflicting
information from attorneys we have
contacted regarding the statue of
limitations on debt and collecting a
claim. We are not sure if we should
hire an attorney or bite the bullet
and file for bankruptcy.