Debt prescription: how to avoid losing the right to collect
Debt prescription is the kind of problem that only becomes apparent when it already hurts. One day, the creditor decides to proceed and hears the phrase no one wants to hear: they can no longer collect. And often, it wasn't for lack of reason. It was for lack of time, proof, and action. This article was written to help you avoid that. If your company has overdue invoices, provides services on credit, sells with payment terms, or is an individual with an outstanding loan, debt prescription can be the difference between recovering or losing. In this guide, you will understand what this means, when the statute of limitations begins to run, what the most frequent deadlines are, what can interrupt or suspend the count, and how to create a simple strategy to avoid losing the right to collect.