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Legal Intellectual

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Q

I tried to contact an acquaintance to repay the money I borrowed, but they moved abroad and I can't reach them. Should I make a repayment deposit?

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I recently lent a fairly large sum of money to a debtor. They haven't repaid for a long time, and I suddenly heard they recently sold their apartment. I'm angry seeing them sell the apartment without repaying me — isn't this fraudulent conveyance? It seems they're deliberately diverting assets to avoid repaying. Is a fraudulent conveyance revocation lawsuit possible?

repayment deposit

A

Answer to Related Inquiry

If you cannot contact the creditor, you can lawfully fulfill your obligation through a repayment deposit, and in this case, it is important to accurately confirm the jurisdiction of the deposit office.

In principle, repayment deposits must be made at the deposit office of the place of obligation performance.

However, as in the question, exceptions are recognized when the creditor has moved abroad and has no domestic address or residence.

In other words, if it falls under a debt to be performed at the creditor's address and there are no separate agreements or legal restrictions, you can proceed with a repayment deposit at the Seoul Central District Court Deposit Office.

In addition, if the deposit office is far away, under certain conditions, monetary repayment deposit applications or deposit payment claims can be made at deposit offices other than the jurisdictional deposit office.

In particular, when the person or legal representative directly claims and the amount is 10 million won or less, such procedures are permitted through identity verification.

Therefore, in the current case, it is necessary to comprehensively consider the creditor's domestic residence status, the place of debt performance, and the deposit amount, etc., to select an appropriate deposit office and proceed with the repayment deposit, and since the procedures may vary depending on the case, it is desirable to undergo accurate review in advance.

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