This means that if your creditor does not start the court action within 6 years of the debt being due, the action is statute-barred.
Effectively, that means that you cannot be forced to pay the debt.
If your creditor gets a judgment, then, in general, they have 12 years in which to enforce that judgment.
How long before a debt is written off?
How long before a debt is uncollectible UK?
Under the Limitation Act 1980 a creditor has six years to chase most unsecured unpaid debts, or twelve years for some mortgage shortfalls. This ‘limitation period’ starts from the time of your last payment or acknowledgement of the debt, not the total length of time you’ve been making payments.
Is a debt written off after 6 years?
Are debts really written off after 6 years? After six years have passed, your debt may be declared statute barred – this means that the debt still very much exists but a CCJ cannot be issued to retrieve the amount owed and the lender cannot go through the courts to chase you for the debt.
How long can you be chased for a debt in Ireland?
There are time limits for taking most types of legal action. The law in relation to time limits is complex but, in general, the time limit for taking actions for breach of contract (for example, failure to pay for goods or services provided), for debt judgments and for non-payment of charges such as rent is six years.