Statute barred debt in bankruptcy

[Clarification]

Moved to sub forum

[Nibbler]

Re: Statute barred debt in bankruptcy

https://www.insolvencydirect.bis.gov...art3.htm#40.95

40.95 Stature barred debts not provable

A debt that is statute-barred (see paragraph 40.11) cannot be a provable debt [note 37] [note 38].

40.15 Meaning of ‘prove’

Where a company is being wound up, or a bankruptcy order has been made, a person claiming to be a creditor and wishing to recover his/her debt in whole or in part must, subject to any order of the court [note 25] [note 26], submit his/her claim in writing (which can include in electronic form), to the liquidator, official receiver as receiver and manager, or trustee [note 27] [note 28].

A person who lodges a claim is referred to as ‘proving’ for his/her debt and the document by which he/she seeks to establish there claim is referred to as the ‘proof’ [note 29] [note 30].
A summary of the Rules relating to proving can be found in Chapter 16, Part 5.