2025-06-03
How to set financial goals with your spouse
It can be difficult to discuss your finances with a spouse. These five steps can help you set and achieve financial goals together.
2009-02-22
You're thinking of the Limitations Act of British Columbia - specifically s.3. (Most of the Canadian provinces have similar legislation). That statute says that, for the type of debt that you're referring to, if 6 years goes by without you making payments or otherwise "acknowledging" the debt, the creditor can no longer attempt to collect from you - i.e., the debt is gone. So, in your case, your creditors will continue to try to collect from you for some period of time. If they eventually give up and there are no payments and no communication between the two of you for 6 years after they give up, the creditors cannot ever go after you to collect those debts. There are different rules for different types of debts, but yours would appear to fall under the above provisions. So, even if you're living in another country, the creditors can still take collection action and avoid the 6 year limitation. If you want to have a look at the statute, you can access it atStatute of Limitations Judy A. Scott Meyers Norris Penny Limited British Columbia 604-949-2100
2025-06-03
It can be difficult to discuss your finances with a spouse. These five steps can help you set and achieve financial goals together.
2025-06-03
Lifestyle Debt
As more Canadians explore digital currencies, it’s essential to understand the risks. Learn how to protect your investments from volatility, scams, and legal pitfalls, and make informed decisions with this practical guide.
2025-05-27
Lifestyle Debt
Here’s a comprehensive guide on how to budget for a summer vacation, ensuring you make the most of your trip without overspending.