Q: I signed a promissory note in 1999 in louisiana. It was one of those in case you win the lottery things. Now the estat
Is trying to collect. Never paid a dime. Filed bankruptcy but had forgot it existed so wasn't included. They say I'm responsible from 2010 on could this be a valid note still under louisiana law
A:
Generally, the limitations period for suing someone on a promissory note is five years. This means the creditor may have lost the legal right to enforce the alleged debt.The details of your situation, however, may change whether or not the debt is still legally enforceable.
I recommend speaking to a Louisiana consumer attorney regarding the details of your situation so you can fully understand your rights. Many consumer attorneys offer free consultations.
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