Statute of Limitations (Amendment) Bill 2017

Public bill · Private Member · Introduced

The measure would shorten the time creditors have to enforce many debts and court judgments. High Court and Circuit Court judgments would expire after two years instead of 12, and the time limit for collecting certain civil debts, including those pursued by banks and so-called vulture funds, would be cut from six years to two. It matters because it would make old debts and judgments much harder to chase, giving people and businesses quicker finality.

Formal long title

Bill entitled an Act to amend the Statute of Limitations 1957 to bring the issue of Circuit Court and High Court Judgments into line with the most recent bankruptcy legislation, by reducing the lifetime of High Court and Circuit Court Judgments from 12 years to two years, and reduce the Statute of Limitations from six years to two years in instances where the collection and enforcement of civil debt by Banks and Vulture funds are concerned

Last updated 12 April 2018