A [glossary:loan:604] or debt is legally irrecoverable solely if it has not been repaid in full or in part according to the terms of the loan agreement and within the time frame specified in the statute of limitations of the relevant State. A loan or debt is not legally irrecoverable solely because there is no documentation of the loan or debt agreement. The fact that a debtor is unable to repay a loan or debt does not automatically mean the loan or debt is irrecoverable.