Bankruptcy is no longer merely an inability to fulfill debts; it has become an integrated statutory procedure that regulates the relationship between the debtor and the creditor. It allows for the restructuring of financial obligations or an organized exit from the commercial market, all within a framework of strict controls and legal safeguards. The Saudi Bankruptcy Law and its implementing regulations have established a precise legislative framework that consolidates the protection of rights, balances conflicting interests, and enhances the chances of continuity for distressed economic entities.

Key Bankruptcy Services:

• Bankruptcy Procedures Support Providing full legal support for protective settlement, financial restructuring, and liquidation procedures in accordance with the Saudi Bankruptcy Law.

• Filing and Documentation Preparing and submitting applications to initiate bankruptcy proceedings, and drafting proposals and statutory documents for the competent Commercial Court.

• Legal Representation Representing either the debtor or the creditor before bankruptcy trustees and courts, and following up on all procedures until final decisions are rendered.

• Restructuring Plans and Negotiations Participating in drafting restructuring plans, negotiating with creditors, and providing legal support during organized exit negotiations.

• Liability and Strategic Advisory Providing specialized legal consultations on bankruptcy cases, including the personal liability of directors and shareholders during and after bankruptcy stages.