Yes, the law permits the collection of debts not documented in writing under certain circumstances, such as low-value debts or commercial transactions.
Debts documented by informal instruments are collected by filing a lawsuit before the competent court to prove entitlement, then executing the judgment through the relevant department.
Debts documented by commercial papers can be executed immediately without the need to prove the origin of the debt, except in exceptional cases.
It is difficult to determine the time needed to complete debt collection through the courts due to the many factors that can significantly affect the legal procedures.
The fees for financial claims and the execution of enforceable instruments amount to 1% of the claimed amount, in addition to other nominal fees depending on the case and attorney fees if applicable.
The right to claim civil debts through the courts expires after 15 years from the due date, while commercial debts expire after 10 years from the due date.
The law does not require formal documentation of debt obligations, but it is advisable for large debts to document them either with a notary-certified instrument or a commercial paper such as a cheque or promissory note.
The legal enforcement procedures include seizing the debtor's assets of all kinds and imprisoning the debtor in case of refusal to pay according to legal and judicial procedures.
