January 28th, 2014 by Questions
Will an unpaid debt in collection ever go away if left unpaid?
Posted from: Ontario
January 28, 2014 at 12:29 pm, Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P said:
The Limitations Act in Ontario provides a two year period to take action on a debt (there are some exceptions). Section 13 of the Act provides for the 2-year period to begin the last day on which the debt is acknowledged. In theory this could go on for a long time.
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