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Debt date greater than 6 years

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11 years 2 months ago #1048 by Aysgarth
Debt date greater than 6 years was created by Aysgarth
The debt became due on 8/5/2006 and is secured by a charging order against a FH Title. I have now been asked for a redemption statement by another creditor seeking an order for sale. The 6 year limit will not allow me to backdate to the due date so do I recalculate the original debt as being 6 years back from today as being the date of redemption?

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11 years 2 months ago #1052 by Safe_UK
Replied by Safe_UK on topic Re: Debt date greater than 6 years
You are talking about a Judgment debt we assume given the mention of charging orders.

*As far as we are aware* late payment under these acts does not apply to judgment balances.

But we would encourage you to seek legal advice from a reputable solicitor if in any doubt.

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  1. Discussions forums
  3. Pay on time supporter forums
  5. The late payment of commercial debts (interest) Act.
  7. Debt date greater than 6 years
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