Bankruptcy
Bankruptcy & Restructuring Legal Services
At Aljubail Law Firm, we advise and represent businesses facing financial distress and creditors seeking to protect their rights, under the Saudi Bankruptcy Law and its Implementing Regulations.
The Bankruptcy Law offers a distressed debtor several procedures depending on its position: protective settlement and financial reorganization, which aim to keep the business running through an agreement with creditors; liquidation where continuing is not viable; and dedicated procedures for small debtors.
We help debtors choose the right procedure, prepare the proposal, repayment plan and required documents, and deal with the bankruptcy trustee or supervisor and the competent court at every stage.
We represent creditors in filing and verifying their claims, objecting to other claims, voting on proposals, and protecting security interests and priority rights.
Why Choose Aljubail Law Firm?
Bankruptcy Law Experience
Familiarity with Bankruptcy Law procedures and the requirements of the Commercial Court and the Bankruptcy Commission.
Business-Preserving Solutions
We look first at settlement and reorganization routes that preserve value before turning to liquidation.
Creditor Negotiations
We manage negotiations with creditors and financiers to reach workable, enforceable agreements.
Confidential Services
Sensitive financial positions are handled with complete confidentiality and professionalism.
Our Bankruptcy Services
- Protective settlement applications
- Financial reorganization applications
- Settlement proposals and reorganization plans
- Liquidation and administrative liquidation
- Small debtor procedures
- Creditor representation and claim filing
- Objections to claims and trustee decisions
- Protecting secured creditors' rights
- Negotiations with creditors and financiers
- Preventive advice for distressed businesses
Our Approach to Bankruptcy Matters
We start by assessing the business's financial position and obligations, or the creditor's rights, then identify the most suitable procedure and explain its effects, timelines and costs clearly before anything is filed.
Our aim is the best achievable outcome for our client, whether that is keeping the business running and restoring financial balance, or recovering as much of what is owed as possible.