500. Statute-barred debts.

500.     Statute-barred debts.

A debt barred by the Limitation Acts1 is not provable2; but a creditor's rights in respect of any lien held by him may be enforceable, even though his debt is barred3.

After the bankruptcy order, and during and for the purposes of the bankruptcy proceedings, time ceases to run in respect of provable debts4; but, where it has begun to run before the bankruptcy, it continues to run in respect of any rights to pursue any other remedies5. It appears that neither the insertion by the bankrupt