Study of Collection of Bank Receivables in the Commercial Code and New Bill of Commercial Code of Iran
DOI:
https://doi.org/10.61841/7emakx56Keywords:
Outstanding Claims of Banks, Collection of Banks’ Receivables, Prevention of Bankruptcy ConsequencesAbstract
According to Article 2 of Commercial Code of Iran, banking activity is a kind of commercial transaction; therefore, banks are considered as merchants subject to applicable rules on this group. Increasing rates of overdue and deferred receivables of banks relative to total current loans in banking system are new national challenges in Iran due to bankruptcy and existing legal gap. The legal gap in this field is an extra reason that increases overdue and deferred receivables in banking system. This reason is categorized into three main groups of banks, debtors, and external factors. Therefore, it is essential to investigate the issue and its solution in order to prevent increasing outstanding claims of granted loans and collection of debts. If the abovementioned problems are solved, banking system and browsers will benefit from a suitable situation. On the other hand, there are debtors who are not able to repay loans or do not tend to pay their debts despite their financial power. In case of external factors, some crises such as domestic and international issues, the government, courts, registration rules, notary offices, and the like have doubled complexity of mutual interaction between bank and debtor. Therefore, this study examines the structure of banks, bank’s debt collection, measures taken by banks to prevent consequences of bankruptcy, and private-specialized debt collection agencies.Downloads
References
[1] Komeijani, A. (1994). Review of studied patterns of monetary policies suitable for Iran’s economy: proper monetary policies for stabilization of economic activities in second development plan, Journal of Parliament and Strategy.
[2] Mojtahed, A., Hasanzadeh, A. (2008). Money, banking, and financial institutes, Monetary and Banking Research Publications.
[3] Moosavian, A. (2007). Islamic Banking, Monetary and Banking Research Institute Publications.
[4] Komeijani, A. (1994). Performance of Monetary Policy in Iran during 1972-2009, Conference of Negotiating the Experience of Monetary Policies in Islamic Countries, February.
[5] Monetary and Banking Research Institutes, Money and Banking, (2001).
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