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SOL - Note
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Posted by Julie kittrell on October 25, 2001 at 15:57:52:
My husband signed a personal note to an individual in the amount of $15,000 in 1984 in the State of Texas. This money was to be an investment in a partnership to do with the oil business. The partnership failed due to the oil business going down the tubes in those years. We were not able to continue making payments on this note after 1986, at which time we moved to California. The individual who loaned the money has now hired an attorney here in California and is threatening a lawsuit. As I understand it the amount is too much for small claims. It is our contention that the SOL has expired in both Texas and California for collection of this debt. Am I right? Thanks for any help. Julie Kittrell
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