' i9 r B8 n0 x5 n$ y! w/ Q/ m+ OLimitations Acts - "Statute of Limitations" 5 s+ z9 ]- w8 Q! {& e6 tThe Federal Government and the Provinces have Limitation Acts which provide a limit on the time an unsecured debt survives. If an unsecured debt is not collected or payments are not made on the unsecured debt then after a certain time no legal action can be taken to collect the debt. l! _" G3 m' y# C
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A March 4, 2003 decision of the Supreme Court of Canada, Markevich v. The Queen decided that limitations applied to CRA as well as other Crown proceedings. Section 32 of the Crown Liability and Proceedings Act and Section 3 (5) of the BC Limitation Act barred collection of the Federal and Provincial portions of the debt since the debt was more than 6 years old. 0 i/ z" q2 n! H S( \( B
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Alberta - The Alberta Limitations Act sets 2 years as the term which is extended to 10 years if there is a judgement. 5 n& P# R$ D p7 X
, X5 m$ o6 T* u 3 T" u! e" _* R" `" { h) LNOTE: Before relying on the forgoing please check with an insolvency lawyer for the latest information.
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发表于 2008-5-26 19:39
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发表于 2008-5-28 22:08
