Hi..I received a letter from debt collector indicated 'Writ of Seizure & Sales'. If not wrong yes I have an unpaid loan 12 years ago. But can the company still chase me for this payments after 12years? Thks!

Answer :

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    answered on 10/12/2016

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    Generally, an action founded on contract (e.g. loan) cannot be commenced more than 6 years after the cause of action accrues (i.e. date when the defendant breached the contract). However, with a valid Writ of Seizure and Sale, the Bailiff is able to enter your premises to seize and mark movable items. You will be given 7 days to settle all sums owing, after which the seized items may be auctioned off.

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