Kentucky Disputed Open Account Settlement

State:
Multi-State
Control #:
US-01794
Format:
Word; 
Rich Text
Instant download

Description

Disputed Open Account Settlement: A Disputed Open Account Settlement states that both the Debtor and Creditor have been disputing a certain amount in controversy. However, by signing this contract, both sides agree to compromise their positions in order to reach a mutual understanding and agreement. This form is available in both Word and Rich Text formats.

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FAQ

All creditors that wish to be paid from the estate are required to file a claims against the estate within 180 days (6 months) from the date the personal representative is appointed. Valid debts can be paid after the six months are up.

In general, U.S. federal law has a statute of limitations of five years, unless there is a specific legal language for offenses that stretches beyond that time. For example, for capital murder, there is no statute of limitations.

The Small Claims Division of District Court in each Kentucky county settles disputes involving money or personal property valued at $2,500 or less. The $2,500 limit does not include interest and court costs.

The Minor's Compromise in Kentucky allows a judge to check over the settlement to make sure it is fair and is in the child's best interest in the future. Agreeing to a personal injury settlement prevents the child from going back to ask for more money from the insurance company in the future.

There is no time limit for any felony. Cases for misdemeanors must be started within 1 year. If the victim of a misdemeanor sexual offense (under Kentucky Revised Statutes section 510.010 et seq.) is a minor at the time of the crime, the case must start within 5 years of the victim's 18th birthday.

Time limits for most types of civil cases in Kentucky range from one to five years, while there is no limit for felonies committed in the Bluegrass State.

Most civil rights lawsuits in the state of Kentucky have a 1 year statute of limitation from the date the injury occurred. It is very important to talk to a civil rights lawyer as soon as possible to protect your claim.

These deadlines will vary depending on the type of case and the limitations laws in the Bluegrass State range from one to fifteen years. The ?clock" on claims starts ticking on either the date of the incident or the discovery of the harm.

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Kentucky Disputed Open Account Settlement