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Protective Settlement Procedure
A procedure that aims to facilitate reaching an agreement between the debtor and his/her creditors to settle the debts and allow the debtor to continue running his/her business. ​
​General Considerations:
  • The debtor may apply to the court for the commencement of the procedure.
  • The total debt exceeds (2 million) Saudi Riyals.
  • There is a chance for the debtor to resume his/her business activities and generate better returns.
  • The debtor may maintain the management of his/her business as well as managing the procedure.​​

    Protective Settlement Procedure - Journey
     
    Protective Settlement Procedure - By Debtor
     

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