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Thank you for your question. Please permit me to assist you with your concerns.
My apologies, what exactly do you mean--are you asking what the SOL would be on debt collection? Please advise!
In what state are you located in? Was this a private loan or a loan under the business?
Thank you for your patience.
In Missouri the statute of limitations on debt collection is 5 years from date of late activity. And as that occurred more than 10 years ago, you are now time barred from a collection suit as far as this debt is concerned.
A governmental loan is different. And unfortunately as of 2013, there is language stating that any federal debt owed can be pursued, even decades later. So while a private debt has a 5 year statute in Missouri, federal debt is able to be pursued.