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View Full Version : Comercial debt in Canada


ClintS
Mar 12, 2007, 10:25 AM
I was just wondering, what is the statute of limitations for commercial debt in Canada?

Lowtax4eva
Mar 12, 2007, 10:48 AM
In most cases it's after 6 years, but at this point they only can't sue you, they can still get collection agencies after you, which province though?

CaptainForest
Mar 13, 2007, 07:31 PM
SOL is a provincial matter.

What PROVINCE did this occur in?

Also, WHEN did it occur?

For example,
SOL in Ontario on unsecured debt (like credit card debt):
Debt BEFORE Jan 1/04 = 6 years
Debt AFTER Jan. 1/04 = 2 years