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Statute barred debt – common concerns

Statute barred debt – common concerns

In the event that you have actually a vintage financial obligation, you could wonder in the event that you still need certainly to spend it? Can creditors actually simply just just take one to court after this long?

English legislation states a creditor has only a restricted period of time – typically six years – to simply simply take one to court. The definition of for a financial obligation this is certainly therefore old it can’t be enforced in court is barred” that is“statute. Continue reading “Statute barred debt – common concerns”