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The statute of limitations on debt in California is four years, as stated in the state's Code of Civil Procedure § 337, with the clock starting to tick as soon as you miss a payment.
You must fill out an Answer, serve the other side's attorney, and file your Answer form with the court within 30 days. If you don't, the creditor can ask for a default. If there's a default, the court won't let you file an Answer and can decide the case without you.
You only need to use this form if you run out of room on the petition to list property and debts. Use one form for your community property and debts and a different one for your separate property and debts. You do not need to write the value of your property or debts at this time.
List all your known property and debt. This can be used as an attachment to Declaration of Disclosure (form FL-140) or you may use Property Declaration (form FL-160) instead.
You have 30 days AFTER the date you are served to file a response with the court. The 30 days include weekend days and court holidays.