Area of Law: Fraud and Fraud Recovery
Answer # 1533
Limitation periods on declarations and judgmentsRegion: Ontario Answer # 1533
If the victim wins their fraud case, and the Court issues a judgment for the fraudster to pay the victim, the victim can ask for a number of ‘declarations’ from the Court. A common declarations is that the debt still has to be paid by the fraudster, even if the fraudster declares bankruptcy.
There is no limitation period to ask the Court for such a declaration. In addition, there is no limitation period in which to collect the money in a judgment for fraud. This means that once the victim obtains a Court judgment, they can pursue the fraudster for as long as they wish because the judgment is valid until the debt is fully paid.
If you discover you are a victim of fraud, it is a good idea to contact a fraud recovery expert for advice.
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