I had a case for an unpaid bank loan against me 20 years ago. Is it time barred now?

Dear J.,

Thanks for your inquiry.

Regarding the above, we would like to inform you that, it is possible that the bank has filed a case against you for the unpaid loan and that the case has been cleared.

However, it is important to confirm this with the authorities or a legal professional. It is also possible that the bank may file a case against you again in the future if they have not received payment for the loan.

It is important to address the issue and try to resolve it as soon as possible to avoid any further legal consequences. It is recommended to seek legal advice from us to understand your rights and options in this situation.

Greetings

From the given explanation, if you got a clearance regarding the police case, it means the police case filed by the bank has been cleared.

You will no longer be subjected to the same case.

If you need further clarification you may ask.

Welcome.

The case related to bank debts does not expire with time.

If you would like further information, you can contact our office and provide the necessary documents for us to review the legal status and offer appropriate consultation.

We are honored to provide you with legal support. For further inquiries about your topic, you can come to our office or contact us on WhatsApp.

Welcome to RAALC Law Firm.

Thank you for getting in touch. This is Legal Consultant Ehab Mohamed.

If you were informed that you have a clearance, it generally means that the specific criminal case leading to your detention has been resolved or closed by the authorities.

However, it is important to distinguish between the criminal aspect of the case and any civil or financial obligations.

A "clearance" may indicate that the police or prosecution have no ongoing criminal case against you.

However, this does not necessarily mean that the financial debt itself is cleared or that the bank cannot pursue civil action to recover the outstanding amount.

To ensure there are no pending issues, I recommend:

Contact the bank directly to confirm the status of the loan.

Consult with a legal professional who can provide you with a detailed review of your case, including any potential civil claims that might still exist.

Looking forward to assisting you!