Ask a Law Question, Get an Answer ASAP!
Hello my name is ***** ***** I will help you with this.
Just to be clear, he breached the agreement from day one?
Thanks. It's bad news I am afraid, you have six years from date of breach to bring a claim in court under the Limitation Act 1980.
This is extended to twelve years if signed under a deed. But given this breach happened in 2001 I am sorry to say the debt is statute barred. That means you can not take any action on it.
Even if it was then under insolvency rules if it was a debt capable of being included in the bankruptcy then it will be treated as if it was.
I am so sorry that this is not the answer I want to give you, nor the one you want, but I have a duty to be honest.
Can I clairfy anything for you about this today please?