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You can be sued Civilly for failing to pay the loan. You can not be criminally charged for defaulting on the loan. Also the car can be repossessed again if they find the car.
The statutes of limitations on a written contract for borrowing money is 10 years in Illinois. The time starts from the date that you last made a payment. If you make a payment the clock starts again.
So unless you defaulted over ten years ago you are subject to suit for the loan default.
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