What to do when the debtor dies?
Upon learning of the death of its debtor, the creditor shall have the right to submit his claims in writing to the persons designated by law. The creditors can submit their property claims from the moment of opening the inheritance. The RA Civil Code stipulates that the creditor of the heir has the right to submit their claims within six months after the opening of the inheritance (Art. 1243 Civil Code of the Republic of Armenia). It should be noted that the omission of this term results in the loss of creditors’ rights.