VIC Owed Money - 10 Years Too Late to Collect Debt?

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Rod

Lawyer
LawTap Verified
27 May 2014
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2,894
Have any repayments been made in the meantime and can you prove it? If yes, when was the last payment made?
 

Sarah J

Well-Known Member
16 July 2014
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Melbourne, Victoria
During this time, have you send any demand notices? If yes, has the debtor responded confirming the debt owed?

Generally, the statutory limitation for starting action for claiming a debt in court is 6 years from the date the debt falls due. This may be "refreshed" where you send the debtor a notice to claim and the debtor affirms the debt, or from when the debtor last made payment: Limitations of Actions Act 1958 (Vic) s 5.

Read: "Do I have to pay an old debt" by the Consumer Action Law Centre.