The Legal Hotline is receiving many calls from folks who are being sued by a bank or credit card company.  Sometimes the debt is an old one, and often the company suing is not even the original creditor;  instead it is a collection company that has bought the debt and the right to collect it from the original creditor.  Callers frequently ask how long does a creditor have to bring a suit against them-isn't there a legal time limit?  The answer is there is a legal time limit and it is called a statute of limitations.  Although the amount of time is different for different kinds of legal actions, there is a limitation period for virtually all types of legal claims.

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