Statute of Limitation threat ‘disappears’…

By jonathan | Published: 30th March 2010
The Government have now backed down on suggested changes to the Civil Law Reform Bill – to a chorus of relief in the credit industry.

The proposed reform was to half the period in which civil debts can be collected from 6 years to just 3 years.

This could well have seen businesses forced to write off millions of pounds of bad debts.

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