- Tue Apr 29, 2014 6:53 pm
I know Sarah has touched on the prescription bits before, so you know that it will not become barred until 20 years has elapsed. Now depending on what was included in the original decree, there may be a clue.
If it is for just shortfall, then they will give you a few years to sort yourself out before they come looking to deal with this, if it allowed any interest to be added, then they will happily let it run building even more charges up (Remember a decree does normally have 8% per annum added unless you asked interest to be excluded, and had reason to ask for it be excluded and the court to agree to this.)
Normally a decree would sit on your CRAs and most definably would sit on the Trustonline system. If it is not then I would suggest a cheeky call the to the issuing court to 'confirm if interest was awarded or not'. This wont give the game away if it had not been progressed correctly, but it may also be the case that for some reason the decree was never finalised, so not actually issued!!
Irrespective of when or if they go to enforce it or not it will date form the date it was ORIGINALLY issued.
A new owner would not have to go to court, as the owner is legally allowed to sell it on to who they so decide to!
And a final thought NRAM are reported to have misplaced/lost/mucked up a number for CCJs and Decrees in 2010, so with this as a possibility that is why I hinted at asking the court to check. Well you never know!