Hi Kevin,(posted 7351 days ago)I think, but I am not an expert there are others far more knowledgable than I, that they have 12 years to initiate court proceedings. However, my fiance was repo'd in 1991, his ex-wife did make a part payment in 1997, but, on the advice of a very good legal friend of mine we have gone down the road of him not admitting to the debt at all.
Last letter he wrote to BS Solicitors stated that as 12 year time limit was about up, as the BS were members of CML and as they consistently wrote the same letters he did not want to hear from them again. That was back in November - all quiet at the moment, but we're not holding our breath.
We have kept everything separate regarding the house, this is in my name and I pay everything connected to the house from my account and my salary - my fiance has nothing, no car, no property etc. etc. so the ba****** can't touch what we are working for.