Comments on: Statute of Limitations? http://www.bankruptcy-edmonton.com/bankruptcy/2010/01/statute-of-limitations-3.html Bankruptcy Edmonton Tue, 07 Feb 2012 15:47:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bart Goth, Trustee in Bankruptcy http://www.bankruptcy-edmonton.com/bankruptcy/2010/01/statute-of-limitations-3.html/comment-page-1#comment-453 Bart Goth, Trustee in Bankruptcy Mon, 11 Jan 2010 20:48:43 +0000 http://www.bankruptcy-edmonton.com/?p=480#comment-453 The Statute of Limitations only really applies if there is no action being taken by your creditors. By actively pursuing these outstanding amounts they ultimately preserve their collection rights. So at this point if you wanted to stop them from seizing these benefits you would have to: a) arrange a repayment plan directly with NCO; b) obtain a <a HREF="http://www.bankruptcy-canada.ca/debtconsolidation/" rel="nofollow">consolidation loan</A> to pay the amounts off and then continue making payments on this loan; c) file a <a HREF="http://www.bankruptcy-edmonton.com/orderly-payment-of-debts-in-alberta.htm" rel="nofollow">orderly payment of debt</A> with moneymentors; or d) investigate the filing of a <a HREF="http://www.bankruptcy-edmonton.com/consumer-proposals.htm" rel="nofollow">consumer proposal</A> or a <a HREF="http://www.bankruptcy-edmonton.com/bankruptcy-edmonton.htm" rel="nofollow">bankruptcy</A>. The Statute of Limitations only really applies if there is no action being taken by your creditors. By actively pursuing these outstanding amounts they ultimately preserve their collection rights.

So at this point if you wanted to stop them from seizing these benefits you would have to:

a) arrange a repayment plan directly with NCO;
b) obtain a consolidation loan to pay the amounts off and then continue making payments on this loan;
c) file a orderly payment of debt with moneymentors; or
d) investigate the filing of a consumer proposal or a bankruptcy.

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