Is this true about the Halifax?

I found this as an update to an article all about someone being chased for a shortfall on www.ctoc.co.uk

Is it true and if so, under the subrogation laws, how does it effect those of use chased by insurance companies whose mortgages were with the halifax?

'The Halifax Building Society announced that as of 5pm, Tuesday 14th December 1999, all mortgage debts older than six (6) years will not be pursued.'

Also, is the web site I quoted trustable (if there is such a word)? it looks quite good and has slightly differing perspectives on the situation - not link to home-repo.org though.

Yours thoughts greatfully received.

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