Solidarity of Creditors and its Effects among the Creditors with the Debtors or Each Other

Document Type : Original Article

Abstract

Solidarity of Creditors and its Effects among the Creditors with the Debtors or Each Other
Abstract
solidarity of creditors is defined when two or more persons who credit each other can individually claim whole of their credits from the debtor. so, the debtor is discharged by paying the debt to one of the creditors. solidarity of creditors is considered as avoiding the obligation with respect to plurality of the partied that is stated in iran law apparently. however, it is mentioned in some regulations sporadically. solidarity of creditors, whether based on advocay contract or private contract or indepdent institute, facilitate receving debts from the debtors. as a result, the debtor is discharged from all the creditors and whatever is receving belongs to the creditors board. each of creditors is owner of his own portion and is right to recourse to the creditor who recepted the debt.
Keywords: solidarity of creditors, effects of solidarity credotors, discharg of a debt, discharge of an obligation

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