Ask Experts Questions for FREE Help !
Ask
    queen jewel's Avatar
    queen jewel Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 2, 2007, 11:49 AM
    Statute of limitation
    Is there a statue of limitation on bankruptcy in Maryland? If so what is the time frame?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jan 2, 2007, 12:22 PM
    Can you explain this further? Do you want to know how long before you can file a bankruptcy or how long does it stay on your record or what?
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
    Ultra Member
    		  
    #3

    Jan 2, 2007, 01:01 PM
    Maryland Statutes of Limitation

    Civil action: 3 years from the date it accrues, unless:

    Breach of contract under any sale of goods and services under the UCC: 4 years after the cause of action, even if the aggrieved party is unaware of the breach.

    Promissory notes or instruments under seal, bonds, judgments, recognizance, contracts under seal, or other specialties: 12 years.

    Financing statement: 12 years, unless a continuation statement is filed by a secured party six (6) months prior to end of twelve (12) year period. (Maryland, Commercial Law article Sec. 2-725; Courts & Judicial Proceedings Article Sec. 5-101-02, 9-403).

    NOTE: The 3 year statute of limitations begins again if creditors can document that a debtor has reaffirmed a debt by a good faith basis by a written agreement, orally, or by payment.

    As for bankruptcy sol nothing seem to be listed.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Statute of limitations [ 1 Answers ]

I owed money with my ex-husband to a don't pay a cent event on furniture. During our marriage he received letters from the finance company saying that he was pre approved for various amounts of money. He went in to the company and took these loans out on our original loan behind my back. I had...

Statute of limitations [ 9 Answers ]

Hi, I live in Ontario, Canada and 10 years ago my father got into an accident at work which left him unable to work, he didn't know english and so he couldn't find another job, the insurance company didn't give us a penny for 5 years and so we were forced to go on welfare. I was about 11 years old...

Statute of limitations [ 2 Answers ]

I was told my the defendants lawyer in a case settlement conference that the statute of limitations in Small Claims Court for spousal abuse is more that 2 years. What is the statute of limitations in Small Claims Court for spousal abuse.

Statute of limitations [ 6 Answers ]

What is the statute of limitations after taking chapter seven bankruptcy in the state of Illinois, for a second mortgage to be null if I have reafirmed on the 1st. Mortgage? I went bankrupt in 2001 I reafirmed on the initial mortgage and not on the 2nd. Can I ever sell the property without paying...

Statute of limitations [ 3 Answers ]

I went to renew my license in NY state and there is a hold from NM for a failure to appear for DWI from 1994.:eek: they said they" just updated their computers to add me to the system". The clerk I spoke to in NM said I "must pay bond" and "appear in NM" to resolve this issue.:mad: can I have...

View more questions Search