Delaware Debt Collection Laws and Statutes

Delaware Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Delaware.

Below you will find important information on Delaware state debt recovery laws including: Delaware Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: DELAWARE

Interest Rate

  • Prejudgment interest at legal rate: 6% (as of 12/2002) or contractual rate.
  • Post-judgment interest at legal or contract rate

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 4
  • Sales of Goods (UCC): 4
  • Written Contract: 3
  • Promissory Notes: 6
  • Personal Injury and Damage to Personal Property: 2
  • Judgments: 10
  • Justice of the Peace Court: 3
  • Superior Court: 10

BAD CHECK LAWS (CIVIL PENALTY)

N/A

GENERAL GARNISHMENT EXEMPTIONS

Wage garnishment may not exceed 15% of disposable earnings or reduce disposable earnings to less than $150.00 a week.

Comments are closed.