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Does a debt ever expire?

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alicekrige | 20:43 Wed 25th Apr 2007 | Business & Finance
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If a business owes a supplier money - does this debt ever die naturally?

So if someone owes mea for goods which I have supplied, is there a time after which I cannot claim this money from my purchaser?
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You can always ask him for it - however old the debt is.

Pursuing a debt through the courts is different. A good explanation here (England and Wales only) -

http://www.payplan.com/debt-library/joint-and- several-liability-the-limitation-act-1980.php
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Thank you :o)

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