Bankruptcy Interactive guide

An interactive service to identify the most appropriate procedure
Determining the applicant’s status

Are you a debtor or creditor?

Debtor

Creditor

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An interactive service to identify the most appropriate procedure
Identifying the available procedures

Is there a chance for the business to continue?

Yes, and I'm looking to find solutions to continue the business activity

No, it looks like there is no possibility to continue the business activity

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An interactive service to identify the most appropriate procedure
Identifying the available procedures

Is there a chance for the debtor's business to earn better returns?

Yes

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An interactive service to identify the most appropriate procedure
Identifying the available procedures

Does the debt exceed
2,000,000 Riyals?

Yes, the debt exceeds 2,000,000 Riyals

No, the debt does not exceed 2,000,000 Riyals

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An interactive service to identify the most appropriate procedure
Identifying the available procedures

Identifying the available procedures

If the majority of the creditors are likely to agree on the proposal to settle the debts, than he should choose the protective settlement procedure, if not, than the financial restructuring procedure is the most appropriate procedure

Protective Settlement Procedure

Financial Restructuring Procedure

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An interactive service to identify the most appropriate procedure
Identifying the available procedures

Identifying the available procedures

If the majority of the creditors are likely to agree on the proposal to settle the debts, than he should choose the small debtors' protective settlement procedure, if not, than the small debtors' financial restructuring procedure is the most appropriate procedure

Small Debtors' Protective Settlement Procedure

Small Debtors'Financial Restructuring

Note Even if the debtor is considered a small debtor, a bankruptcy procedure thats not for small debtors can still be commenced.

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An interactive service to identify the most appropriate procedure
Identifying the available procedures

Does the debt exceed
2,000,000 Riyals?

Yes, the debt exceeds 2,000,000 Riyals

No, the debt does not exceed 2,000,000 Riyals

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Start from the beginning

An interactive service to identify the most appropriate procedure
Identifying the available procedures

Can the expected proceeds of the asset sale cover the procedure's expenses?

Yes, it can

No, it can't

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An interactive service to identify the most appropriate procedure
Identifying the available procedures

Can the expected proceeds of the asset sale cover the procedure's expenses?

Yes, it can

No, it can't

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Start from the beginning

An interactive service to identify the most appropriate procedure
The appropriate procedure

Based on your previous answers, the most appropriate procedure is

Protective Settlement Procedure

The submission of the application to commence a bankruptcy procedure shall be through the Commercial Justice Gate on the Ministry of Justice's website

Prepare to apply for the commencement of the procedure

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Start from the beginning

An interactive service to identify the most appropriate procedure
The most appropriate procedure is

Based on your previous answers, the most appropriate procedure is

Financial Restructuring Procedure

The submission of the application to commence a bankruptcy procedure shall be through the Commercial Justice Gate on the Ministry of Justice's website

Prepare to apply for the commencement of the procedure

Back

Start from the beginning

An interactive service to identify the most appropriate procedure
The most appropriate procedure is

Based on your previous answers, the most appropriate procedure is

Small Debtors' Protective Settlement Procedure

The submission of the application to commence a bankruptcy procedure shall be through the Commercial Justice Gate on the Ministry of Justice's website

Prepare to apply for the commencement of the procedure

Back

Start from the beginning

An interactive service to identify the most appropriate procedure
The most appropriate procedure is

Based on your previous answers, the most appropriate procedure is

إSmall Debtors' Financial Restructuring Procedure

The submission of the application to commence a bankruptcy procedure shall be through the Commercial Justice Gate on the Ministry of Justice's website

Prepare to apply for the commencement of the procedure

Back

Start from the beginning

An interactive service to identify the most appropriate procedure
The most appropriate procedure is

Based on your previous answers, the most appropriate procedure is

Liquidation Procedure

The submission of the application to commence a bankruptcy procedure shall be through the Commercial Justice Gate on the Ministry of Justice's website

Prepare to apply for the commencement of the procedure

Back

Start from the beginning

An interactive service to identify the most appropriate procedure
The most appropriate procedure

Based on your previous answers, the most appropriate procedure is

Administrative Liquidation Procedure

The submission of the application to commence a bankruptcy procedure shall be through the Commercial Justice Gate on the Ministry of Justice's website

Prepare to apply for the commencement of the procedure

Back

Start from the beginning

An interactive service to identify the most appropriate procedure
Identifying the available procedures

Identifying the available procedures

Small Debtors' Liquidation Procedure

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Start from the beginning

Prepare to apply for the commencement of the procedure

This guiding service is to map out the available procedures and the general determinants of reviewing the appropriate procedure, however the final decision should not rely solely on this service. We recommend the following:

The assistance of experienced and competent lawyers, chartered accountants and others, in their respective fields
It is Important to keep an effective communication with all the creditors from preparing to file an appilcation for the commencement of a bankruptcy procedure till a judgement to terminate the procedure is issued

Needs revision

Protective Settlement Procedure Commencement Card
Guide for the Commencement of Bankruptcy Procedures
Protective Settlement Procedure Journey
Bankruptcy Law and its Implementing Regulations

Back

Start from the beginning

Rate the service

Prepare to apply for the commencement of the procedure

The assistance of experienced and competent lawyers, chartered accountants and others, in their respective fields
It is Important to keep an effective communication with all the creditors from preparing to file an appilcation for the commencement of a bankruptcy procedure till a judgement to terminate the procedure is issued

Needs revision

The Commencement Card for the Small Debtors' Protective Settlement Procedure
Guide for the Commencement of Bankruptcy Procedures
Small Debtors' Protective Settlement Procedure Journey
Bankruptcy Law and its Implementing Regulations

Back

Start from the beginning

Rate the service

Prepare to apply for the commencement of the procedure

The assistance of experienced and competent lawyers, chartered accountants and others, in their respective fields
It is Important to keep an effective communication with all the creditors from preparing to file an appilcation for the commencement of a bankruptcy procedure till a judgement to terminate the procedure is issued

Needs revision

The Commencement Card for Small Debtors' Financial Restructuring Procedure
Guide for the Commencement of Bankruptcy Procedures
Financial Restructuring Procedure Journey
Bankruptcy Law and its Implementing Regulations

Back

Start from the beginning

Rate the Service

Prepare to apply for the commencement of the procedure

The assistance of experienced and competent lawyers, chartered accountants and others, in their respective fields
It is Important to keep an effective communication with all the creditors from preparing to file an appilcation for the commencement of a bankruptcy procedure till a judgement to terminate the procedure is issued

Needs Revision

The Commencement Card of Small Debtors' Financial Restructuring Procedure
Guide for the Commencement of Bankruptcy Procedures
Small Debtors' Financial Restructuring Procedure Journey
Bankruptcy Law and its Implementing Regulations

Back

Start from the beginning

Rate the Service

Prepare to apply for the commencement of the procedure

The assistance of experienced and competent lawyers, chartered accountants and others, in their respective fields
It is Important to keep an effective communication with all the creditors from preparing to file an appilcation for the commencement of a bankruptcy procedure till a judgement to terminate the procedure is issued

Needs Revision

Commencement Card for Liquidation Procedure
Guide for the Commencement of Bankruptcy Procedures
Liquidation Procedure Journey
Bankruptcy Law and its Implementing Regulations

Back

Start from the beginning

Rate the service

Prepare to apply for the commencement of the procedure

The assistance of experienced and competent lawyers, chartered accountants and others, in their respective fields
It is Important to keep an effective communication with all the creditors from preparing to file an appilcation for the commencement of a bankruptcy procedure till a judgement to terminate the procedure is issued

Needs Revision

Commencement Card for Administrative Liquidation Procedure
Guide for the Commencement of Bankruptcy Procedures
Administrative Liquidation Procedure Journey
Bankruptcy Law and its Implementing Regulations

Back

Start from the beginning

Rate the service

An interactive service to identify the most appropriate procedure
The appropriate procedure

Based on your previous answers, the most appropriate procedure is

Small Debtors' Liquidation Procedure

Note Even if the debtor is considered a small debtor, a bankruptcy procedure thats not for small debtors can still be commenced.

The submission of the application to commence a bankruptcy procedure shall be through the Commercial Justice Gate on the Ministry of Justice's website

Prepare to apply for the commencement of the procedure

Back

Start from the beginning

An interactive service to identify the most appropriate procedure
The appropriate procedure

Based on your previous answers, the most appropriate procedure is

Financial Restructuring Procedure

The submission of the application to commence a bankruptcy procedure shall be through the Commercial Justice Gate on the Ministry of Justice's website

Prepare to apply for the commencement of the procedure

Back

Start from the beginning

An interactive service to identify the most appropriate procedure
The appropriate procedure

Does the debt you want to recover exceeds
50,000 Riyals?

Yes, it does

No, it doesn't

Back

Start from the beginning

Prepare to apply for the commencement of the procedure

The assistance of experienced and competent lawyers, chartered accountants and others, in their respective fields
It is Important to keep an effective communication with all the creditors from preparing to file an appilcation for the commencement of a bankruptcy procedure till a judgement to terminate the procedure is issued

Needs Revision

The Commencement Card of Financial Restructuring Procedure
Guide for the Commencement of Bankruptcy Procedures
Financial restructuring Procedure Journey
Bankruptcy Law and its Implementing Regulations

Back

Start from the beginning

Rate the Service

An interactive service to identify the most appropriate procedure
The appropriate co

You can go to Public Court to ask for what you are owed from the debtor if it's less than 50,000 Riyals, because the procedures don't apply if the debt is lower than 50,000 Riyals. 50,000 Riyals.

Note: you can rethink your previous choices or apply to the competent court.

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Start from the beginning

An interactive service to identify the most appropriate procedure
The most appropriate procedure is

Based on your previous answers, the most appropriate procedure is

Liquidation Procedure

Note: you can commence a small debtors' if you know your debt does not exceed 2,000,000 Riyals

The submission of the application to commence a bankruptcy procedure shall be through the Commercial Justice Gate on the Ministry of Justice's website

Prepare to apply for the commencement of the procedure

Back

Start from the beginning

Prepare to apply for the commencement of the procedure

The assistance of experienced and competent lawyers, chartered accountants and others, in their respective fields
It is Important to keep an effective communication with all the creditors from preparing to file an appilcation for the commencement of a bankruptcy procedure till a judgement to terminate the procedure is issued

Needs Revision

Small Debtors' Liquidation Procedure Commencement Card
Guide for the Commencement of Bankruptcy Procedures
Small Debtors' Liqudation Procedure Journey
Bankruptcy Law and the Implementing Regulations

Back

Start from the begining

Rate the service

Content Editor

An interactive service to identify the most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Are you a debtor or creditor?

Debtor

Creditor

Back

An interactive service to identify the most appropriate procedure

Identifying the available procedures

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Is there any chance for the business to continue?

Yes, and I’m looking for solutions to enable the business to continue

No, probably it is not possible for the business to continue

Back

Start again

An interactive service to identify the most appropriate procedure

Identifying the available procedures

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Do you perceive any chances for the debtor to continue running the same business and generate better revenues?

Yes

Back

Start again

An interactive service to identify the most appropriate procedure

Identifying the available procedures

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Does the total debt exceed

2,000,000 SR ?

Yes, the total debt exceeds 2,000,000 SR

No, the total debt doesn’t exceed 2,000,000 SR

Back

Start again

An interactive service to identify the most appropriate procedure

Identifying the available procedures

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Available bankruptcy procedures

Provided that the probability for the majority of creditors to approve the proposal of debts settlement is greater, protective settlement procedure shall be sought. Other than that, Financial Restructuring Procedure is considered to be more appropriate.

Protective Settlement Procedure

Financial Restructuring Procedure

Back

Start again

An interactive service to identify the most appropriate procedure

Identifying the available procedures

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Available bankruptcy procedures

Provided that the probability for the majority of creditors to approve the proposal of debts settlement is greater, Small Debtors' Protective Settlement Procedure shall be sought. Other than that, Small Debtors' Financial Restructuring Procedure is considered to be more appropriate.

Small Debtors' Protective Settlement Procedure

Small Debtors' Financial Restructuring Procedure

Note Generally speaking, a bankruptcy procedure not designed for small debtors may be commenced even if the applicant is a small debtor

Back

Start again

An interactive service to identify the most appropriate procedure

Identifying the available procedures

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Does the total debt exceed

2,000,000 SR ?

Yes, the total debt exceeds 2,000,000 SR

No, the total debt doesn’t exceed 2,000,000 SR

Back

Start again

An interactive service to identify the most appropriate procedure

Identifying the available procedures

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Will the proceeds expected from selling the assets cover
the procedure expenses?

Yes, the assets will cover the expenses

No, the assets won’t cover the expenses

Back

Sart again

An interactive service to identify the most appropriate procedure

Identifying the available procedures

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Will the proceeds expected from selling the assets cover
the procedure expenses?

Yes, the assets will cover the expenses

No, the assets won’t cover the expenses

Back

Start again

An interactive service to identify the most appropriate procedure

The most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Based on your previous choices, the most appropriate procedure for you is

Protective Settlement Procedure

An application for the commencement of the procedure should be submitted through the form via the Commercial Law Portal at the website of Ministry of Justice

Preparing for submitting the application for the commencement of the procedure

Back

Start again

An interactive service to identify the most appropriate procedure

The most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Based on your previous choices, the most appropriate procedure for you is

Financial Restructuring Procedure

An application for the commencement of the procedure should be submitted through the form via the Commercial Law Portal at the website of Ministry of Justice Preparing

Preparing for submitting the application for the commencement of the procedure

Back

Start again

An interactive service to identify the most appropriate procedure

The most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Based on your previous choices, the most appropriate procedure for you is

Small Debtors' Protective Settlement Procedure

An application for the commencement of the procedure should be submitted through the form via the Commercial Law Portal at the website of Ministry of Justice

Preparing for submitting the application for the commencement of the procedure

Back

Start again

An interactive service to identify the most appropriate procedure

The most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Based on your previous choices, the most appropriate procedure for you is

Small Debtors' Financial Restructuring Procedure

An application for the commencement of the procedure should be submitted through the form via the Commercial Law Portal at the website of Ministry of Justice

Preparing for submitting the application for the commencement of the procedure

Back

Start again

An interactive service to identify the most appropriate procedure

The most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Based on your previous choices, the most appropriate procedure for you is

Liquidation Procedure

An application for the commencement of the procedure should be submitted through the form via the Commercial Law Portal at the website of Ministry of Justice

Preparing for submitting the application for the commencement of the procedure

Back

Start again

An interactive service to identify the most appropriate procedure

The most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Based on your previous choices, the most appropriate procedure for you is

Administrative Liquidation Procedure

An application for the commencement of the procedure should be submitted through the form via the Commercial Law Portal at the website of Ministry of Justice

Preparing for submitting the application for the commencement of the procedure

Back

Start again

An interactive service to identify the most appropriate procedure

Identifying the available procedures

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Available bankruptcy procedures

Small debtors’ Liquidation Procedure

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Start again

Preparing for submitting the application for the commencement of the procedure

This is an advisory service designed to highlight the available procedures and the general principles set to examine the most appropriate procedure. As such, the final decision shall not be made based on these principles only and the following recommendations should be met:

Seeking help from experts and specialists such as lawyers, accountants and other subject-matter experts.
Taking into account the importance of effectively communicating with all creditors starting from the preparation phase to submit the application for the commencement of the bankruptcy procedure to the issuance of the termination judgement.

It is also recommended to make the following:

Downloading the card for the commencement of the Protective Settlement Procedure
Downloading the Guide to the Commencement of Bankruptcy Procedures
Knowing the journey of the Protective Settlement Procedure
Downloading the Bankruptcy Law and its Implementing Regulations

Back

Start again

Preparing for submitting the application for the commencement of the procedure

Seeking help from experts and specialists such as lawyers, accountants and other subject-matter experts.
Taking into account the importance of effectively communicating with all creditors starting from the preparation phase to submit the application for the commencement of the bankruptcy procedure to the issuance of the termination judgement

It is also recommended to make the following:

Downloading the card for the commencement of the Small Debtors' Protective Settlement Procedure
Downloading the Guide to the Commencement of Bankruptcy Procedures
Knowing the journey of the small debtors’ Protective Settlement Procedure
Downloading the Bankruptcy Law and its Implementing Regulations

Back

Start again

Preparing for submitting the application for the commencement of the procedure

Seeking help from experts and specialists such as lawyers, accountants and other subject-matter experts.
Taking into account the importance of effectively communicating with all creditors starting from the preparation phase to submit the application for the commencement of the bankruptcy procedure to the issuance of the termination judgement

It is also recommended to make the following:

Downloading the card for the commencement of the Financial Restructuring Procedure
Downloading the Guide to the Commencement of Bankruptcy Procedures
Knowing the journey of the Financial Restructuring Procedure
Downloading the Bankruptcy Law and its Implementing Regulations

Back

Start again

Preparing for submitting the application for the commencement of the procedure

Seeking help from experts and specialists such as lawyers, accountants and other subject-matter experts.
Taking into account the importance of effectively communicating with all creditors starting from the preparation phase to submit the application for the commencement of the bankruptcy procedure to the issuance of the termination judgement.

It is also recommended to make the following:

Downloading the card for the commencement of the Small Debtors' Financial Restructuring Procedure.
Downloading the Guide to the Commencement of Bankruptcy Procedures.
Knowing the journey of the small debtors’ Financial Restructuring Procedure.
Downloading the Bankruptcy Law and its Implementing Regulations.

Back

Start again

Preparing for submitting the application for the commencement of the procedure

Seeking help from experts and specialists such as lawyers, accountants and other subject-matter experts.
Taking into account the importance of effectively communicating with all creditors starting from the preparation phase to submit the application for the commencement of the bankruptcy procedure to the issuance of the termination judgement.

It is also recommended to make the following:

Downloading the card for the commencement of the Liquidation Procedure
Downloading Guide to the Commencement of Bankruptcy Procedures
Knowing the journey of the Liquidation Procedure journey
Downloading the Bankruptcy Law and its Implementing Regulations

Back

Start again

Preparing for submitting the application for the commencement of the procedure

Seeking help from experts and specialists such as lawyers, accountants and other subject-matter experts.
Taking into account the importance of effectively communicating with all creditors starting from the preparation phase to submit the application for the commencement of the bankruptcy procedure to the issuance of the termination judgement.

It is also recommended to make the following:

Downloading the card for the commencement of the Administrative Liquidation Procedure
Downloading the Guide to the commencement of Bankruptcy Procedures
Knowing the journey of the Administrative Liquidation Procedure
Downloading the Bankruptcy Law and its Implementing Regulations

Back

Start again

An interactive service to identify the most appropriate procedure

The most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Based on your previous choices, the most appropriate procedure for you is

Small debtors’ Liquidation Procedure

Note
Generally speaking, a bankruptcy procedure not designed for small debtors may be commenced even if the applicant is a small debtor

An application for the commencement of the procedure should be submitted through the form via the Commercial Law Portal at the website of Ministry of Justice

Preparing for submitting the application for the commencement of the procedure

Back

Start again

An interactive service to identify the most appropriate procedure

The most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Based on your previous choices, the most appropriate procedure for you is

Financial Restructuring Procedure

An application for the commencement of the procedure should be submitted through the form via the Commercial Law Portal at the website of Ministry of Justice

Preparing for submitting the application for the commencement of the procedure

Back

Start again

An interactive service to identify the most appropriate procedure

Identifying the available procedures

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Does the total debt you are demanding exceed

50,000 SR?

Yes, the total debt exceeds 50,000 SR

No, the total debt does not exceed 50,000 SR

Back

Start again

Preparing for submitting the application for the commencement of the procedure

Seeking help from experts and specialists such as lawyers, accountants and other subject-matter experts.
Taking into account the importance of effectively communicating with all creditors starting from the preparation phase to submit the application for the commencement of the bankruptcy procedure to the issuance of the termination judgement.

It is also recommended to make the following:

Downloading the card for the commencement of the Financial Restructuring Procedure
Downloading the Guide to the Commencement of Bankruptcy Procedures
Knowing the journey of the Financial Restructuring Procedure
Downloading the Bankruptcy Law and its Implementing Regulations

Back

Start again

An interactive service to identify the most appropriate procedure

The most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

You can ask for your rights demanded from the debtor at the public courts as these procedures are not designed for debts less than50,000 SR.

Note: you may reconsider your previous choices or submit your application to the specialized courts

Back

Start again

An interactive service to identify the most appropriate procedure

The most appropriate procedure

Determining the applicant’s status

Identifying the available procedures

Identifying the most appropriate procedure

Based on your previous choices, the most appropriate procedure for you is

Liquidation Procedure

Note: you may commence a Small debtors’ Liquidation Procedure provided that it is known for you that the total debt does not exceed 2,000,000SR

An application for the commencement of the procedure should be submitted through the form via the Commercial Law Portal at the website of Ministry of Justice

Preparing for submitting the application for the commencement of the procedure

Back

Start again

Preparing for submitting the application for the commencement of the procedure

Seeking help from experts and specialists such as lawyers, accountants and other subject-matter experts.
Taking into account the importance of effectively communicating with all creditors starting from the preparation phase to submit the application for the commencement of the bankruptcy procedure to the issuance of the termination judgement.

It is also recommended to make the following:

Downloading the card for the commencement of the Liquidation Procedure.
Downloading the Guide to the Commencement of Bankruptcy Procedures
Knowing the journey of the small debtor's Liquidation Procedure.
Downloading the Bankruptcy Law and its Implementing Regulations

Back

Start again