Hacker News Reader

Ridiculous.

Question: In EU countries debts expire after 3 or 5 years, if no party claims them. It is not possible to remember and start collecting 10 years old debts. Is there similar period in US?

View on HN

It varies by state. Anywhere from 3 to 10 years (for non-IRS collections) depending on the type of agreement.

According the the article: " the result of a single sentence tucked into the farm bill lifting the 10-year statute of limitations on old debts to Uncle Sam." So apparently, no there is no longer a similar period in the US.

Reply on news.ycombinator.com