Articles

Debt becoming statute-barred

Liabilities will expire in accordance with three different periods of limitation. 1. The general period of limitation is three years. The limitation period may be interrupted and extended for another three years. The three-year general limitation period applies to the...

Filing of a claim in Bankruptcy

Filing of a claim in bankruptcy means a right of a creditor to secure his claim, receive settlement and use other judicial means granted to the creditor. Filing of claims is performed by giving a written notice of a claim to the official receiver. Filing of claim in...