Zakah on debt

A: If the debt is given to an insolvent person and the creditor does not know whether he will get his money back or not, then the creditor is not obliged to pay Zakah until he redeems his money and a year passes after he is paid back. However, if the debt is given to a solvent person who can repay the creditor whenever he demands payment, then the creditor is obliged to pay Zakah for this debt as long as a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due) passes while the money is in the possession of its owner.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.