It varies according to the type of debt. Written agreements, including Promissory notes are set at 6 years in Washington. Oral agreements and open ended accounts (credit cards) are set at half that, 3 years.
You cannot expect to escape responsibility for your debts--they have to be managed and taken care of just like other lifetime events do. If you bought the items or signed for the loan, you accepted...
Debt generally doesn't have a statute of limitation. Of course debts have a statute of limitations. In Washington state it is 3 years or 6 years, depending on the debt. Check out Washington law RCW...
Three years for open accounts (credit cards). Six years for written contract (signed promissory note). Three years for goods and services. Judgments 10 or 20 years and renewable depending upon the...