What are the applicable statutes of limitations?

In Virginia, statutes of limitations determine how much time a person has to file a lawsuit after a certain event or injury has taken place. This time limit applies to most types of civil cases, including breach of contract, personal injury (including medical malpractice), and debt collection. For contract claims, the applicable statute of limitations is five years. This means that a lawsuit must be filed within five years of the date the contract was broken. For instance, if one party fails to pay the agreed-upon amount on a loan, the other party must file suit within five years of the due date. For personal injury cases, the applicable statute of limitations is two years. This means that a lawsuit must be filed within two years of the date of injury. For instance, if someone sustains an injury due to another’s negligence, they must file a lawsuit within two years of the date of the injury. For debt collection cases, the applicable statute of limitations is six years. This means that a lawsuit must be filed within six years of the date of the debt. For instance, if someone fails to pay a credit card bill, the creditor must file suit within six years of the due date. It is important to note that these statutes of limitations can be different depending on the circumstances of the case. Therefore, it is always a good idea to consult a lawyer if you are considering filing a lawsuit.

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What are the applicable statutes of limitations?

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