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| Author: |
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Gerry |
| Date: |
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January 11, 2004 |
| Question: |
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If the statute of limitations is 7 years, howcome equifax can keep a second bankruptcy on for 14 years?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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January 12, 2005 |
| Answer: |
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The Statute of Limitations in Alberta is actually 2 years and refers to the period of time after which a creditor is no longer entitled to pursue for their debt. The Statute of Limitations does not apply to reporting information to the Credit Bureau.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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