What Are Time Barred Debts?

Most people who are struggling with unpaid debts did not arrive in that unpleasant situation intentionally.  Generally it is either a series of bad choices or bad luck that leads to excessive debt problems. There certainly also are individuals who fraudulently open accounts without the intention of repaying their debts, but these criminals are the exception, not the rule. Regardless, whether you arrived in your situation deliberately or due to unfortunate circumstances, defaulted debts can sometimes lead to very distressing...