When a bill remains unpaid, an entire system of claims opens before the holder — but this system has its own strict deadlines and precise rules for computing the sums. Whom to sue, within what time, and for what amount — the Law on Bills answers these questions in advance, and a deadline computed incorrectly destroys the entire claim. Legal.ge's lawyers accompany this process from preparing the statement of claim through enforcement.
When a Claim May Be Brought
The holder of a bill may bring a claim against the endorser, the drawer and other obligated persons upon the arrival of the payment deadline and in case of non-payment. Beyond that, the law grants this right before the deadline in defined situations: where refusal was declared as to acceptance of the whole sum of the bill or part of it; where the debtor's insolvency is doubtful — regardless of whether the bill was accepted by it; where the debtor suspended its payments without court confirmation, or where compulsory enforcement produced no result; and where the insolvency of the drawer of a bill not subject to acceptance is doubtful.