Quote:
Originally Posted by centex
I seem to recall other dicta out of the Courts that has mocked those that claim "least sophisticated" status while at the same time having created a mountain of paperwork in various cases.
As to what Enigma cited from, I would opine that the comment about enforceability would be from the standpoint of the debt being enforceable via litigation. I doubt that their intent was to say the debt has simply gone away forever to be unenforceable via demand for payment (with the exception of the two states where SOL expiry actually does extinguish a debt by language in the law).
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In January, the IL AG filed a lawsuit against Arrow for this very issue.
From my understanding IL does not have a statute of Repose. It is as if the IL AG is try to create one via litigation.
Office of the Illinois Attorney General - Lawsuit Against Nationwide Debt Collector
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