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Posted: Tue Jan 25, 2011 9:24 pm
by blods
Hi all,i recieved a letter today from a debt collection company chasing a debt from 11 years ago!
We have moved house twice since then and must have forgot to tell them.The debt is only a couple of hundred pounds to a catalogue company but obviously being in an IVA i cant really pay it.
The letter states they are experts in doostep recovery[:0]
Not sure what to do.
Regards blods
Posted: Tue Jan 25, 2011 9:29 pm
by kallis3
Hi and welcome.
Have a word with your IP about this, it may be they can get it included.
Posted: Tue Jan 25, 2011 9:33 pm
by blods
Hi,i sent a letter enclosed with a cheque for F&F only last week.I suppose if its accepted i could pay the debt anyway.
blods
Posted: Tue Jan 25, 2011 10:04 pm
by kallis3
As long as they are willing to wait I suppose it would be ok.
Posted: Tue Jan 25, 2011 10:07 pm
by 31101932
Surely, if no payment or acknowledgement has been made in the last 6 years, this debt is statute-barred and can no longer be enforced.
Posted: Tue Jan 25, 2011 10:13 pm
by kallis3
That'll teach me to pay more attention rather than half watching My Big Fat Gypsy wedding!
You're right - if there has been no acknowledgement of the debt then it will be statute barred.
Posted: Tue Jan 25, 2011 10:18 pm
by nepensioner
I'm watching that too Jan, find the different way of life fascinating
Posted: Tue Jan 25, 2011 10:31 pm
by Skippy
I watching it now - picking up a few ideas for my wedding!
Posted: Tue Jan 25, 2011 10:33 pm
by kallis3
The pink frock - definitely for you, but make sure you have the fire extinguisher ready!
Posted: Tue Jan 25, 2011 10:39 pm
by nepensioner
Not sure what Harry will think of the butterflies[:D]
Posted: Tue Jan 25, 2011 10:41 pm
by kallis3
He'll love them!
Posted: Tue Jan 25, 2011 10:51 pm
by Lisa2009
If the debt is that old and there has been no contact between you and debtor for over 6 years then the debt becomes statute barred and technically is unenforceable.
However if you wish to aknowledge this debt and pay it if your F&F is accepted then that would be fine.
Posted: Tue Jan 25, 2011 11:32 pm
by MelanieGiles
Just because the debt is statute barred doesn't mean that it isn't rightfully payable. If the oversight was a genuine mistake, and you want to do the right thing, I would calculate a payment based on the dividend being paid to other creditors in the IVA and send this to them. They are rightfully bound by the terms of your IVA, but personally I would not disturb the conclusion of that process unecessarily.