http://www.bankruptcy-canada.ca/alternatives-to-bankruptcy/2008/08/credit-2.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 http://www.bankruptcy-canada.ca/alternatives-to-bankruptcy/2008/08/credit-2.html#comment-55380 Barton Goth - Goth & Company Inc. - Bankruptcy Trustees Mon, 01 Sep 2008 20:48:44 +0000 http://www.bankruptcy-canada.ca/alternatives-to-bankruptcy/2008/08/credit-2.html#comment-55380 This is definitely something that is not true. Just because they haven't been successful doesn't mean you still don't owe you the money. There is a statute of limitations act in each province that sets a time whereby if a creditor does not take sufficient action then the debt becomes statute barred, but typically if they have been trying to collect, obtained the proper judgment etc. then this legislation is of no effect. This is definitely something that is not true. Just because they haven’t been successful doesn’t mean you still don’t owe you the money. There is a statute of limitations act in each province that sets a time whereby if a creditor does not take sufficient action then the debt becomes statute barred, but typically if they have been trying to collect, obtained the proper judgment etc. then this legislation is of no effect.

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