SALIH MOHAMMAD M ALHUMAMI , GHALEB MUBARAK S ALHAMAMI , AHMED AHMED S AL-TUWAILI
DOI: https://doi.org/Undoubtedly, protecting the insolvent debtor is of significant importance in economic life, as it helps prevent commercial enterprises from collapsing. For this reason, legislation has been enacted to allow the preparation of rescue plans as soon as early signs of economic difficulty appear. The Saudi Bankruptcy Law sets forth the procedures governing creditors and debtors and prescribes practical mechanisms that clearly safeguard the debtor’s rights, attaching multiple effects that attest to the seriousness of this protection. Among these mechanisms is protecting the debtor by rehabilitating his status once bankruptcy procedures against him have concluded. This study seeks to shed light on that mechanism.
