Statute of Limitations

Hi John

The statute of limitations for Nebraska is 4 years.

It includes all the unwritten contracts, recovery of personal property, breach of contract for sale of goods and open account.

If it's been past the statute of limitations, and the collection company sells the debt off to another scavenger collector, does that really restart the statute of limitations again for collecting as well as start all over with your credit report date?

No , it doesn't . The only thing that would restart the statute of limitations is you making a promise to pay or actually paying them.