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In principle, the litigation period of the case of arrears of payment for goods is set as 3 years after the debt occurs. During this period, the borrower has the obligation to assume the repayment liability without default, and as a creditor, it also needs to actively safeguard its own rights and interests. If within this time limit, the creditor has made a claim against the borrower, or the borrower has agreed to perform the repayment obligation, the limitation of action will be recalculated. As for the starting point of the litigation period, it is generally believed that it should be calculated from the date when the creditor knows exactly that its rights and interests are damaged and the debtor clearly knows its obligations.
#Creditor's rights and debts
946 readings
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Under the express provisions of the Civil Code of the People's Republic of China, it is indeed allowed to change the transfer of creditor's rights. However, the right to change the transfer is not unlimited freedom, it must strictly comply with the established conditions and procedures. For example, the assignment of creditor's rights must be notified to the debtor in a timely and effective manner. If the creditor fails to complete the notification obligation, the assignment will not have any legal binding force on the debtor. In addition, in the process of changing the assignment of creditor's rights, respecting and protecting the legitimate rights and interests of all relevant parties and ensuring fairness and justice are also crucial considerations.
#Creditor's rights and debts
910 readings
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According to the current laws and regulations, if there is a legal or agreed prohibition on the transfer of a certain creditor's right, the corresponding transfer operation will be difficult to continue. For example, certain types of claims that are prohibited from being transferred according to the nature of the contract, such as claims derived from special identity relationships. Moreover, if according to the relevant national laws, this type of creditor's rights are expressly stipulated as non transferable, their transfer is also prohibited.
#Creditor's rights and debts
1106 readings
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First of all, the transferor and the receiver of the creditor's rights should sign a legally effective transfer contract of the creditor's rights. Secondly, both parties should inform the creditor in writing about the assignment of creditor's rights. Subsequently, the receiver has the right to apply to the court for change, and provide detailed and accurate information such as the creditor's right transfer contract and notice voucher. The court will carefully review and evaluate the application. If the conditions are met, the court will issue a decision to change the subject of enforcement.
#Creditor's rights and debts
1363 readings