statute of limitiations

September 20th, 2010 by Questions

Is there a time period where debts are relieved in Canada? I know it is six years in England

Posted from: British Columbia

Questions

One Response to “statute of limitiations”



September 21, 2010 at 9:12 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

What you are referring to is the statute of limitations. This is a very complex issue that is based on a combination of the province in which you live, the age of the debt and the activities taken by your creditors. As a result this is something that you need to review with a lawyer not a trustee.

However, from my perspective, most creditors are fairly savvy, they know what they need to do to preserve their collection rights and as a result there are not a huge number of cases that the statute of limitations impacts.

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