answered on 10/12/2016
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.