unsecured debt

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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