Limitation Act 1980

Supreme Court Ruling Offers a Lifeline to Small Businesses

Are you one of the many SME owners who have been forced to close your business, wholly or partially, during the Covid-19 lockdown? If you have Business Interruption insurance that covered closure due to disease, you may have been one of the policyholders refused payment by your insurer. However, there’s good news. A ruling by the Supreme Court on the 15th January has established that in most cases closures due
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Chasing debt? There are limitations

One of the first questions I ask a new client asking for help in chasing an unpaid account is, how old is the debt? That’s because the law, specifically the Limitation Act 1980, sets time limits for starting court proceedings for recovery of the amount owed. The account becomes ‘statute barred’ in legal jargon. That does not mean the debt is wiped out, but we’ll come back to that. For unsecured debt, the law is reaso
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