My sister, has been going to court for 3 years now every six months to tell them after bills, she has no finances left to make even the smallest of payments. She doesn't even own a car, and only gets fuel assistance. She works a part time job about 30-35 hours a week and she said she asked their lawyer how long this was going to go on and they told her, 25 years! She's 60 now.
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1
forever till the debt is paid
2
Since they have sued her, they can keep it going for 10 years, and can extend it for another 10 years.
3
If she is summoned to court every six months to see whether her finances have improved enough to pay.... then this process can be going on forever. Because the creditor is constantly and actively seeking payment. Only when they give up and write the debt off does a debt "age" and finally become unenforceable. The only way out is to declare bankruptcy and include this active debt and get it discharged by a bankruptcy judge.
4
The is a statute of limitations that says how long a company can file a lawsuit. However, once the suit is filed within that time, they can keep trying to collect beyond that time. Also, if she is 60 now, then she will qualify for social security soon, and will therefore have more money availlable to her, so she might be able to pay then.
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