You are being sued RIGHT NOW. Failure to answer the Requests for Admission within the deadline would mean that you are considered to have admitted everything for the purposes of the lawsuit.
Admit, deny, or deny because you don't know. Or object if the RFA asks for something improper.
You really need to know what you are doing with this type of discovery. Generally, answer the question and say nothing more. There is huge risk of compromising your rights if you say too much, especially if you say something based on a mistake of fact or a mistake of your understanding of the law.
The 6-year Statute of Limitations
runs from the date of the last breach of the contract
, and is calculated to the date when the lawsuit was FILED, not today's date. If your first missed payment was 3/10/03, AND there was no continued obligation of regular monthly payments beyond that date (like a house mortgage with a schedule of payments), the statute of limitations would not expire until March 10th.
The biggest single danger of getting a judgment against you is if you have wage or salary income to get garnished. The amount taken can have devastating financial consequences for most people.
You could also end the pain quickly and just file a Chapter 7
BK of the debt is not too fresh, IS dischargeable, and your income is not too high. Even if you are judgment proof
(no income, no bank account, no non-exempt assets) and all the plaintiff could do is wait for you to hit the lottery or inherit a huge pile of money from some rich uncle, the creditor could chase you and try to collect for another six years before needing to renew the judgment or give up. If you don't have the patience to say "no, I have no new non-exempt assets" every few weeks, then BK can provide the best peace of mind and an end to the calls.
There's also no real financial downside to BK later on if you have no plans to ever borrow money again. A bad credit rating would then cause no harm at all.
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