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What is Statute of Limitations in Debt Collection about?

Cristián XXXXXXX, representing the defendant, requests the court to consider the exception of total prescription of a debt in an executive collection lawsuit filed by Banco de Chile regarding a promissory note. The document argues that the statute of limitations for the claim expired on June 25, 2018, and that the lawsuit notification on July 24, 2019, did not interrupt the limitation period. The attorney requests the court to accept the exception, reject the demand, and declare the debt barred with costs.

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