The main situations for termination of creditor's rights and debts are as follows:
1. Debt has been fulfilled: When the debtor has fully fulfilled its debt in accordance with the contract or legal provisions, that is, the debtor has provided the agreed services or delivered the agreed subject matter to the creditor, and the creditor has accepted these services or subject matter, the creditor debtor relationship is terminated.
2. Mutual offsetting of debts: In the case where both parties bear debts and share creditor's rights, if the types and qualities of the debts of both parties are the same or can be offset according to the nature of the contract and legal provisions, either party may claim to offset their own debts with the debts of the other party, thereby eliminating the creditor debtor relationship between the two parties within an equal amount. This includes two situations: statutory set off and consensual set off.
3. The debtor shall deposit the subject matter in accordance with the law: In the event that the creditor refuses to receive the subject matter without justifiable reasons, the creditor's whereabouts are unknown or they have lost their civil capacity and their legal representative has not been determined, or in other circumstances stipulated by law, the debtor may deposit the subject matter in the relevant department to eliminate the debt. After deposit, the creditor debtor relationship shall terminate, and the risk of damage or loss of the subject matter shall be borne by the creditor.
4. Creditors have the right to unilaterally exempt the debtor from part or all of their debts. If the creditor waives part of the debt, the debtor shall still perform the remaining debt according to the original contract; If the creditor waives all debts, the creditor debtor relationship shall be terminated completely. But the creditor's exemption of debt shall not harm the interests of third parties.
5. Creditor's rights and debts belong to the same person: that is, the creditor's rights and debts belong to the same person for some reason, such as a business merger, at which point the creditor debtor relationship is extinguished. The subjects of the creditor debtor relationship are mixed together, and the creditor and debtor are integrated, thus losing the foundation of existence.
6. Other circumstances stipulated by law or agreed upon by the parties for termination: In addition to the above circumstances, there may also be other statutory or agreed upon termination of creditor's rights and obligations. For example, the termination of a contract can also lead to the termination of the creditor debtor relationship in the contract.
The above listed situations are not exhaustive, and specific cases should be judged based on the actual situation and legal provisions.