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Home > Money & Services > Other Money & Services   »   Statute of Limitations for Personal Loan

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Old May 7, 2008, 05:11 AM
barbiedoll423
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Statute of Limitations for Personal Loan
My ex-husband lives in Washington DC and loaned me $1000 three+ years ago. I loaned him $1500 16 years ago and never received one cent back. Now after 3 yrs he is calling me threatening me and wants his $ paid in full. He said if I didnt send him the $1000 he would take me to court. Is there a statute of limitations and if not, am I liable? If I am I will pay him $20 a pay as I am on a very strict budget and filed bankruptcy May 07.

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Old May 7, 2008, 05:14 AM   #2  
ScottGem
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If he can prove it was a loan then you are obligated to pay it back. The statut of limitations on contract is usually 4 years.
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