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

    Mar 12, 2007, 10:25 AM
    Comercial debt in Canada
    I was just wondering, what is the statute of limitations for commercial debt in Canada?
    Lowtax4eva's Avatar
    Lowtax4eva Posts: 2,467, Reputation: 190
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    #2

    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's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #3

    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
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