<prompt> Human: TL;DR: Received private loans in 20062007. One collections agency hounded me since. The company where the loan originated filed for Chapter 7 in 2009. The legal statute of limitations in my state for them to sue me passed this week, should be off my credit report in 2 years and correspondance to the CRAs known address for the company will come back return to sender... am I an untouchable now?---I received about 20,000 in private student loans from MyRichUncle in 2006 and final disbursement in 2007.MyRichUncle was a preprime lender who would lend to enrolled students of select colleges with no cosigners or credit history. In 2009, MRU Holdings liquidated under Chapter 7. Additionally, someone who I personally corresponded with, Troy Hill, a Portfolio Manager for MRU, was arrested for embezzling 2.3 million from the company and actually spent some of that opening a Port City Java franchise in New Brunswick, NJ where I met him...My account went into collections VERY quickly... since it was a private loan, they declined academic deferment which, on the phone, I was ensured it would likely be given since I still had 4 years old college ahead of me and I was completely unable to pay whatever it was at the time they demanded. I basically never paid them a cent. Regarding the ethics of not-paying-as-agreed, I feel as though I owe them nothing since my credit status has been forsaken until 2015 because of a misleading reassurance that, while enrolled as a full time student, Academic Forbearance was likely. Additionally, the school in which they gave me a loan for is not my graduating institute, therefore I do not feel they had a hand in my degree future. Whether or not Ill ever address paying them back has yet to be seen, see below in my questions...Though I hadnt even paid since my first statement in February 2007... they reported my first delinquency in 082008. Experian says it will go to positive status in Mid 2015. The statute of limitations in NJ is 6 years for Private Student Loan debts. This WAS NOT a federally insured loan and DOES NOT appear on my federally-backed loans listing in National Student Loan Data System NSLDS. I -just- passed the 6-year-mark from when I cashed my 2nd disbursement check, so it is my understanding that they can no longer bring this against me in court.My credit report is in shambles from this, as well as other financial problems I had in 2006-2007. I recently got a 40kyr job last year and began paying off those debts, but the MRU is the shiner on my credit report.MRU Holdings filed Chapter 7. The entire SEC history can be found here They contracted UAS Echo University Accounting Services from the start as the collections agency, payable to ACHIEVER FUND I, LLC in 2006, changing to Education Empowerment Fund in September 2009, then Younomics in August 2012. Other than a merciless UAS, No other companies or attorneys have ever contacted me representing any of the mentioned companies or any banks in which my debts may have been sold to. On my Credit Reports, two separate accounts for my two disbursements appear only as MRU Holdings, and Im guessing UAS on their behalf has been reporting accurately against me every month, since 2010. ---So, my questions are as follows: - UAS was the original collector for MRU. They handled both typical repayment and collections repayment. Am I at risk for another agency ever reporting an owed debt to the Credit Agencies? Or do Private Student Loans not get to change-hands like that? - Im guessing if that does occur, its against the Fair Credit Reporting Act? - While my wages cant be touched now, can I be hounded past the 7-year-mark? - Do I have a basis for a lawsuit for harassment? They had 6-years to file suit against me and never did. - If I eventually begin to repay the loan, will this reset the clock? - Should I wait to do it after May 2015 when Experian says the account is positive? - UAS reports my payments were payable to Achiever Fund, then post Bankruptcy, EEF and now Younomics. These all appear to be designates designed to receive MRU monies, EEF - Should I begin disputing my MRU debts to the Credit Reporting Agencies immediately? What can I expect? Whats the worst that can happen? The address listed for MRU with the CRAs looks like an old address, so they may not even get notification that the account is in dispute. - Is there a standard template I can find somewhere? - Since they filed for Chapter 7, does that mean my repayment is basically paying something that no longer cost them anything?Assistant: You were probably bought up for pennies on the dollar. If its past statue they cant bring legal action. I would expect that someday someone will call you and try to collect anyway. I have even heard of people attempting to collect on debts discharged from a chapter 7. Debt buyers are usually boiler room scumbag operations. Have a plan for when they contact you. Human: You were probably bought up for pennies on the dollar. Chapter 7 doesnt discharge the personal liabilities of the incorporation? If so, what assets exist that could have been bought up?Have a plan for when they contact you.Like hang up or throw the letter out?  <response>: Your account would have been an asset to the corporation and probably would have been sold off in the chapter 7.Hang up and throw out the letter is a reasonable response IMO. 