Do I have to declare debts in a Consumer Proposal which are past the statute of limitations?
February 18th, 2010 by Questions
I have approx $100,000 in credit card debts, which are all 6 years old and have all passed the statute of limitations. Only about $30,000 worth of the debt was taken to court and awarded a judgment against me. I want to file a consumer proposal to get rid of the judgment debts, but I do not want to include the other debts because they are past the SOL. All of the debts have fallen off my credit report, except the judgment debts which are on my credit report.
If I file a consumer proposal, can I just include the $30,000 in debt? If not, how would the trustee know? I don`t feel it is fair to have to include those debts. What if I file a consumer proposal 70 years from now, will I need to include them then? Is there any limit of age for debts to not be included in a consumer proposal?
Posted from: British Columbia