A creditor obtains judgment and finds nothing in the debtor’s name. The apartment was transferred to a relative a few years ago. The business is a limited liability company. The car is registered in the spouse’s name.
These scenarios are common. This insight sets out the principal routes available to a creditor in that position, and the limits of each.
The General Legal Rights of Creditors
Article 341 of the Civil Transactions Law, Federal Decree-Law No. (25) of 2025, in force since 1 June 2026, provides that all assets of the debtor serve as security for the fulfilment of his debts, and that all creditors are equal in respect of that security except those holding a right of preference in accordance with the law.
