Recouvrement

The debt limitation period sets how long a creditor has to act: 1 year for phone bills, 2 years between a business and a consumer, 3 years for rent, 5 years in general, 10 years for a judgment. What stops the clock and how to rely on it.

An unpaid invoice is often recovered without litigation, provided you act fast. Statutory payment terms, late penalties and the €40 fee, formal notice, order for payment, interim relief and limitation periods.