Category Archives: Bankruptcy and Proposals

Ontario Superior Court upholds decision by Bankruptcy Trustee to exclude Creditor’s Claim for debt that was over Two Years Old

Rich and Bankrupt

On May 19 2021 the Honourable Sean F. Dolphy, Judge of the Ontario Superior Court of Justice upheld an earlier decision by a Registrar of the Superior Court of Justice in Bankruptcy that a debt that is statute-barred by Ontario’s Limitations Act, 2002 (meaning that the two year time limit for a creditor to sue a debtor for an outstanding account expired) cannot be proven, or claimed, by a creditor against a debtor in bankruptcy either because the collection of debt can no longer be enforced through a legal proceeding.

Continue