Debt collection – Old Debts
is much significantly more than six years of age (or 36 months when you look at the north Territory) its crucial to understand your legal rights.
OLD DEBTS
You might not have to pay for a debt that is old you have made your last re re re payment significantly more than 6 years back (or three years ago when you look at the north Territory). This is certainly known as a statute banned financial obligation. If your financial obligation is statute banned this means you have got a defence if somebody commences action that is legal one to recover your debt. [Read more…]