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    Joyce777's Avatar
    Joyce777 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 7, 2011, 01:26 PM
    Is there a statue of limitation on a loan to a relative?
    I loaned my Daughter-in-law money to pay off a debt, she assured me she would pay me back. This was about 9 or 10 years ago,can I collect this debt from her or does the statue of limitation apply?
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Apr 7, 2011, 01:29 PM
    Limitations only really applies to signed contracts not private arrangements.
    Can you prove that this money was given to her and you expected repayment?
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