Republic of Ireland Law
Republic of Ireland Law Questions Answered by Experts
1. The first thing you should be aware of, is that after six years a debt becomes time barred owing to the lapse of time. This means you have a good defence to payment based on the Statute of Limitations because more than six years have passed since you either made payments in respect of the hire purchase debt, or acknowledged the debt. So I would advise you not to acknowledge the debt or to make any further payments if six years have passed since you made any payment, as you have a good defence.
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