What is the statute of limitations for judgments?

The statute of limitations for judgments in the state of Louisiana is 10 years. This period of time, set by law, gives creditors the opportunity to collect on the debts of debtors. After 10 years have expired, creditors may no longer seek legal action to collect on the debt. The amount of time listed in the statute of limitations may be extended through a number of circumstances. If the debtor has been in bankruptcy or if the creditor has filed a motion to extend the statute of limitations in the court, then the period of time may be extended beyond the initial 10 years. In addition, if the court finds that the debtor has committed fraud in order to avoid paying the debt, the statute of limitations will not be applied. It is important to note that the statute of limitations for judgments does not apply in all cases. For delinquent taxes, child support and alimony payments there is no statute of limitations. In these cases, the creditors are able to take legal action at any time. The statute of limitations for judgments is an important law in the state of Louisiana to help protect debtors from creditors who may try to take advantage of them. By setting a time limit for the creditor, debtors can have some peace of mind that their debt will eventually be cleared and that creditors will be unable to take legal action to collect on it.

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What is the statute of limitations for judgments?

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