Bankruptcy

Bankruptcy Legal Service for merchants and establishments facing financial difficulties that prevent them from meeting their obligations. This service aims to regulate bankruptcy procedures in accordance with the Saudi Bankruptcy Law issued by Royal Decree No. (M/50) of 1439H, in a manner that safeguards the rights of all parties involved and provides the establishment with an opportunity for restructuring or a safe market exit.

• Assessing the debtor’s financial and legal situation.

• Providing advice on the most suitable option (protective settlement, reorganization, or liquidation).

• Preparing and submitting the bankruptcy application through the Bankruptcy Commission portal.

• Representing the client before the commercial court and relevant authorities.

• Drafting settlement agreements with creditors.

• Following up on liquidation or financial reorganization procedures.