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TexLaw
TexLaw, Attorney
Category: Legal
Satisfied Customers: 4430
Experience:  Lead trial/International commercial attorney licensed 11 yrs
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Statute of limitations on SEC default Judgment is how many

Resolved Question:

Statute of limitations on SEC default Judgment is how many years
Submitted: 5 years ago.
Category: Legal
Expert:  LawHelpNow replied 5 years ago.

Hello and thanks for choosing Just Answer®:

I am a licensed attorney and will do my best to provide you an honest and accurate answer to your important legal question.

To provide you with accurate information, could you please clarify this point:


1. Are you asking how long this governmental agency has to file suit following a certain occurrence or for how long it can enforce a default judgment already granted in its favor?

Thanks!

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Customer: replied 5 years ago.
No a Judgement was issued Sept 2nd of 2004 and they captured a good sum of tax return money due back because I was placed in the Treasury Offset program. I am asking how long is this debt good for it was from the SEC.
Expert:  LawHelpNow replied 5 years ago.

Hello again,

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Expert:  TexLaw replied 5 years ago.
Hi,

The SEC's default judgment is valid for 20 years. However, it may be renewed after that 20 years. Essentially, it doesn't simply go away.

Please let me know if this answers your question.

Best Regards,
Zachary D. Norris
TexLaw, Attorney
Category: Legal
Satisfied Customers: 4430
Experience: Lead trial/International commercial attorney licensed 11 yrs
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