Financial Restructuring and Bankruptcy Law

Article 289 — Article (289) Creditor's Refusal to Collect Debt

Part Seven · Chapter Two: Rehabilitation of Insolvent Debtor

If a creditor willfully refuses to collect their debt or is absent, or where it is not possible to identify their place of residence, the debt may be deposited in the treasury of the Bankruptcy Court, and a deposit slip in connection with rehabilitation shall be considered as quittance.

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