Statute of Limitations Determined by Industry

The UCC isn’t the only legal code that includes a statute of limitations; time limits can vary by industry. For example, federal law requires that claims for charges or refunds of overcharges in the freight industry must be brought within 18 months of the date the claim accrues (normally the date of shipment). Be sure you understand the laws that apply to your industry, even if you need to talk to an attorney.

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Make the First Step! Contact a Debt Collector in Michigan Today!

If you need the help of a debt collector in Michigan, your first step is easy! Fill out the information form on our “Contact Us” page, or give us a call at 248-645-2440, to ask questions and figure out your next steps. We offer a free consultation and strategy meeting, no fees unless you win! Don’t let the money owed to you go away – get started today! We look forward to hearing from you.

How to Handle Expired Claims

All claims arising from business agreements have an expiration period. Under the Uniform Commercial Code (UCC), a claim for breach of contract for the sale of goods, the statute of limitations is four years. For commercial sales, the UCC permits parties to reduce the period of limitations to not less than one year, but they may not increase it.

Learn more here!

Make the First Step! Contact a Debt Collector in Michigan Today!

If you need the help of a debt collector in Michigan, your first step is easy! Fill out the information form on our “Contact Us” page, or give us a call at 248-645-2440, to ask questions and figure out your next steps. We offer a free consultation and strategy meeting, no fees unless you win! Don’t let the money owed to you go away – get started today! We look forward to hearing from you.