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    sweetangel2000's Avatar
    sweetangel2000 Posts: 1, Reputation: 1
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    #1

    Sep 17, 2008, 11:50 AM
    Statue of limitations in ontario canada
    I have stopped paying my credit cards debts since 2005 due to unemployment until now, 2008. Will the new SOL rule of 2 yrs. Applies in my case or the old SOL for yrs. . Help
    Justice Matters's Avatar
    Justice Matters Posts: 210, Reputation: 27
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    #2

    Sep 28, 2008, 06:25 PM
    Under Ontario's Limitations Act the limitation period for a cause of action that arose after January 1, 2004 is two years (certain conditions apply).

    Be advised that either a payment (even a nominal one) or a written acknowledgment of the debt could re-start the limitation period.
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