Call us today. 704-342-HELP. Powers McCartan has offices in Charlotte, Concord and Brevard NC. Hi. I am Bill Powers and I'm talking about statutes of limitations in North Carolina. Now if you have an issue involving a contract or some obligation arising out of a contract, there is a three year statute of limitations. Now, that is found in chapter one, section 52 of the North Carolina General Statutes. What that means is if you don't file suit within the appropriate period of time, you lose your right to recover any amount. That's true even if you've been trying to negotiate the debt, even if someone acknowledges that they owe you money under a contract. Please give us a ring at Powers & McCartan. The telephone number is (704) 342-HELP. We're here to help you and we're more than willing to explain to you the different issues involving statutes of limitations in North Carolina.