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lawsuit to collect debt

Lawsuits to collect debts are usually filed in state courts—and may be filed in small claims courts, depending on the amount of the debt and the small claims court’s jurisdictional limits (the maximum amount of a claim that can be filed in the court).

In Arkansas, lawsuits to collect debts are typically filed in state courts, which include small claims courts for certain cases. Small claims courts in Arkansas are designed for individuals to resolve disputes involving small amounts of money without the need for an attorney. The jurisdictional limit for small claims courts in Arkansas is $5,000, meaning that any debt amounting to $5,000 or less can be pursued in this venue. If the debt exceeds this limit, the lawsuit would need to be filed in a higher court, such as a circuit court. It's important for creditors to file their claims within the statute of limitations, which varies depending on the type of debt. For example, the statute of limitations for open accounts, such as credit cards, is typically five years, while written contracts have a limit of five years as well. These time frames are set by state law and dictate how long a creditor has to initiate legal proceedings to collect a debt.

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Creditor / Debtor

lawsuit to collect debt

Individual & Family Legal Plan

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Arkansas State Code

Arkansas State Code

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Creditor / Debtor

lawsuit to collect debt