11 Hrs
Source:
شبكة شام الإخبارية
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Protecting creditor rights after debtor's disappearance or death
The article explains how Syrian law protects the rights of creditors in cases of debtor's death or disappearance, clarifying that a debt is not lost in such situations but is instead subject to different legal procedures depending on the case. After the debtor's death, the debt is first paid from their estate, and the creditor may claim the estate, with the heirs not being obliged to pay from their personal funds unless they accept the estate. In cases of disappearance, the creditor can file a lawsuit to declare the debtor deceased after the lapse of legally prescribed periods, and may also request the seizure of the debtor's assets or challenge their actions if there's suspicion of hiding assets. The standard statute of limitations for debt in Syria is 15 years from the due date, with shorter periods applicable in some cases, such as 5 years for periodic rights and 1 year for other specific rights. These periods continue to run even after the debtor's death or disappearance, but it is essential to follow the legal procedures within the specified timeframes to ensure the protection of rights.
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