Distribution of a debtor's estate among his creditors
Machine translationRead the Arabic original
Question:
Honorable Shaykh, a man passed away owing seven hundred thousand riyals. After his assets were liquidated, they amounted to four hundred thousand riyals. How is this distributed among the creditors? Are the creditors required to make concessions? What is the ruling if some of them refuse?
Answer:
This is referred to the court. The court verifies his debts and verifies what he has, and then distributes his estate among all the creditors according to the share each one receives from it. This is required of the court.
Honorable Shaykh, a man passed away owing seven hundred thousand riyals. After his assets were liquidated, they amounted to four hundred thousand riyals. How is this distributed among the creditors? Are the creditors required to make concessions? What is the ruling if some of them refuse?
Answer:
This is referred to the court. The court verifies his debts and verifies what he has, and then distributes his estate among all the creditors according to the share each one receives from it. This is required of the court.
Source
توزيع مال المفلس على الغرماء — alfawzan.live
The Arabic text is a machine transcription of the audio recording.