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Unpaid debt statute of limitations

Will an unpaid debt in collection ever go away if left unpaid?

Posted from: Ontario

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One Response to “Unpaid debt statute of limitations”

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.