Reducing The Statute Of Limitations

The intention of the bill had been to reform, amongst o ther areas, the law of limitation of actions, including the time civil debts can be chased. The intention was to halve this from the current six years down to three. I, along with my clients, colleagues and counterparts in other firms, am pleased that the Government has decided not to go along with this change, and that the statute of limitations for civil debt will remain at six years.
In a written parliamentary answer, Ms Prentice said that consultation with key stakeholders demonstrated that there were insufficient benefits and potentially large-scale costs associated with the reform. Good news for creditors in these challenging times! Disclaimer: The statements and opinions expressed in this article are those of the author and do not necessarily reflect those of Sheriffs High Court Enforcement Ltd, trading as The Sheriffs Office. Sheriffs High Court Enforcement Ltd does not take any responsibility for the views of the author. The author will not be held responsible for any comments posted by visitors to this site. Please note that this article does not constitute legal advice. The author h as used his best endeavours to make this article as accurate and complete as possible, but requests that the reader be aware that the law of Engl and and Wales frequently changes. The author strongly advises the reader to take legal advice before embarking on any enforcement action.