Q
I have questions about claim attachment and collection orders.
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Our company wants to file for corporate bankruptcy, but I'm not sure what documents are needed for the application. What basic information must be included when submitting a bankruptcy application? I'd also like to know specifically what additional documents to prepare. I'm looking for someone who can explain the documents needed for corporate bankruptcy application in detail.
claim attachment and collection order
statute of limitations on debt collection
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Hello.
Fortunately, your statute of limitations on debt collection has not yet passed.
Since the statute of limitations is 10 years for general monetary claims under the Civil Code, if you lent money to your acquaintance 9 years ago, there is still legal possibility to claim it.
Of course, the exact statute period may vary depending on conversations with the other party after the repayment date, interest payments, sending of certified mail, etc., not just the passage of time.
For example, if the debtor has repaid even part of the money or sent a message acknowledging the debt, the statute may restart from that point, so it is good to organize related materials well.
A claim attachment and collection order is a procedure to attach money that the other party has the right to receive from a third party and collect that money.
However, to apply for this order, you must first receive a judgment from the court that you have the "right to receive money from the debtor (acquaintance)".
If proceeding with a claim attachment and collection order, you must apply to the competent court attaching enforcement title, certificate of service, materials proving that the debtor's brother is a third-party debtor, etc., and also pay stamp fees (2,000-4,000 won) and service fees.
When the attachment order is served on the third-party debtor, that third-party debtor cannot pay the debtor and must pay you, the creditor.
Also, you can use the "statement demand" system to verify the existence and contents of the attached claim from the third-party debtor.
As such, the procedure can be complex and the documents to submit or legal requirements may be tricky, so if possible, we recommend proceeding with the assistance of an experienced attorney.
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