Legal obligations owed to others do not last forever under our civil law.  Under civil law contracts and promises to pay money expire after a certain period of time.  Each state adopts its own “statute of limitations” relating to contracts and promises to pay money.  Once the statute of limitations passes, the creditor can no longer bring a successful lawsuit to collect the money.  If someone claims that you owe them some money, one of the first things you need to find out is whether this debt has expired or not under the applicable law. For claims brought under Missouri law, the period of theRead More →