Ca For Debt With No Money
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FAQ
The FTB will generally consider an offer in compromise if you can prove that you have no way to pay your outstanding taxes, and when the amount offered is ?the most the Franchise Tax Board can expect to collect within a reasonable period of time.? In this case ?reasonable amount of time? is five-to-seven years.
In California, there is generally a four-year limit for filing a lawsuit to collect a debt based on a written agreement.
If you cannot pay your total past due amount now, you can request a payment plan, and pay down your balance over time. This could potentially save you from additional penalties and interest. For more information visit our Payment Plan page.
Once a creditor has a county court judgment (CCJ) for a debt, the Limitation Act does not put any time limits on how long they have to enforce that judgment. If your CCJ is more than six years old, and the creditor wants to use enforcement action, they must first get permission of the court.
Can a Debt Collector Collect After 10 Years? In most cases, the statute of limitations for a debt will have passed after 10 years. This means a debt collector may still attempt to pursue it (and you technically do still owe it), but they can't typically take legal action against you.
