Most common errors for which bankruptcy provisions are received:<\/p>\n
If the lawyer is not licensed, the bankruptcy application filed by the trainee lawyer shall not be restricted by 9, nor shall the application be rejected if the applicant is a partner of the company, since the powers to represent the limited liability company before the court are solely for the company’s director.<\/p>\n
A request for a liquidation proceeding is rejected if the request for repayment of the debtor’s debt against the debtor is not dated and the amount of the debt is determined and its raison , for example, that the debt mentioned in the application is 5 million, and in the detailed statement, the amount of the debt is 3 million, undoubtedly, will invalidate the request.<\/p>\n
Also, if there is an independent obligation, namely bank security, which the applicant has not disposed of,<\/p>\n
If the debt owed is only proven to be performance once implementation has been requested.<\/p>\n
3\/The application for liquidation procedure is denied if the faltering or bankruptcy is not achieved and its assets are insufficient to meet the expenses of the liquidation proceeding or the liquidation procedure for small debtors.<\/p>\n
If the debtor is a legal person, the application shall attach the financial lists for the last two years prior to the application and the debt list shall include the value of each debt and establishment, the date of its performance and the supporting documents.<\/p>\n
<\/p>\n
4\/Bankruptcy trustee’s application for removal, appointment of a new trustee from the list of bankruptcy trustees, dismissal of the expert or appointment of a new expert from the list of experts if he has a legitimate reason to isolate, without prejudice to his rights and obligations, for example, if he learns of a relationship between them.<\/p>\n
5\/A request for financial reorganization is denied if the creditor receives any portion of the price of the money.<\/p>\n
Because decreases and depreciation are undoubtedly realized.<\/p>\n
For example, the applicant did not submit a reason for submitting this application, did not mention any fact, did not systematically edit his application, did not list any debt, identity numbers or business records of creditors, did not indicate that the list was prepared within one month prior to the submission of an application, or did not attach all supporting documents.<\/p>\n
6\/The request for liquidation of the debtor is rejected if the creditor claimed is not entitled to payment under an executive bond, or under a regular paper, and if the creditor does not request payment from the debtor 28 days in advance.<\/p>\n
7\/If the Secretary has placed his hand on the debtor’s assets because of the unnecessary need to do so, the request for a provisional arrest shall be denied.<\/p>\n
8\/A request for liquidation is denied if the regulation does not respond to correct and accurate information and systemic requirements without an acceptable justification.<\/p>\n
A request for a liquidation proceeding shall be rejected if the debtor’s assets are insufficient to meet the expenses of the liquidation proceeding, which may be deemed to be satisfactory without the condition of acceptance with respect to the adequacy of the assets to meet the expenses of the liquidation proceeding.<\/p>\n
It also rejects the application in bad faith or willingness to exploit the procedure, and if the debtor fails to inform the creditors of its claim.<\/p>\n
At Abdul Ellah Al Humaidi office, we offer bankruptcy filing services by communicating through:<\/strong><\/p>\n Number: 0504328584\u00a0 Or e-mail: Info@lah.sa<\/p>\n","protected":false},"excerpt":{"rendered":" Most common errors for which bankruptcy provisions are received: If the lawyer is not licensed, the bankruptcy application filed by the trainee lawyer shall not be restricted by 9, nor shall the application be rejected if the applicant is a partner of the company, since the powers to represent the limited liability company before the […]<\/p>\n","protected":false},"author":1,"featured_media":9638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10,11],"class_list":["post-9637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-bankruptcy","tag-filing-for-bankruptcy"],"_links":{"self":[{"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/posts\/9637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/comments?post=9637"}],"version-history":[{"count":1,"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/posts\/9637\/revisions"}],"predecessor-version":[{"id":9639,"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/posts\/9637\/revisions\/9639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/media\/9638"}],"wp:attachment":[{"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/media?parent=9637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/categories?post=9637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lah.sa\/en\/wp-json\/wp\/v2\/tags?post=9637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}