Definitions of statute-barred
(of a claim) no longer legally enforceable because a statutory time limit (=a time limit imposed by legislation) has passed
A Court of Appeal ruling in 2010 blocked nine of the 10 claims after judges said they were "statute-barred" because they had been made too late.
Phrase Bank for statute-barred
In that case, he said, the Court of Appeal held that where there was an arbitration clause in an agreement, the underlying arbitration was statute-barred.
Of course, you can repay statute-barred debt if you want to.
According to The Limitation Act 1980, after a period of six years, if the debtor has not acknowledged the debt through payment or contact, it becomes statute barred.
The limitation period after which a debt can become statute barred is normally 6 years, although there are some exceptions to this.
Mr Justice Twomey rejected the case on including in relation to claims the proceedings were statute barred and that there was an alleged breach of the code of conduct for lending to small and medium enterprises.