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Limtation Act on money owed

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  • Limtation Act on money owed

    Has anyone successfully recovered a debt from an individual they have lent money after the six year time barred period , does communiccation from the person who owes you the money , in my case £4000,affect the time bar can i higher court adjudicate in such a case , i realise i have a very slim to zero chance of seeing my money again but any advice would be appreciated
    THANK YOU
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  • #2
    If the communication from the borrower is before the 6 years (5 years in Scotland) and admits that the money is owed to you then the 6 year clock is reset at that point. Does that help?

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    • #3
      can i higher court adjudicate in such a case
      Not sure what you mean by this.
      If it's a simple money claim, imho the 'Small Claims' track (up to £10,000) would most likely be allocated. (Presuming of course it's not SB)
      CAVEAT LECTOR

      This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

      You and I do not see things as they are. We see things as we are.
      Cohen, Herb


      There is danger when a man throws his tongue into high gear before he
      gets his brain a-going.
      Phelps, C. C.


      "They couldn't hit an elephant at this distance!"
      The last words of John Sedgwick

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