The Saudi bankruptcy system has become an essential tool for organizing the situations of financially distressed establishments. It enables them to continue or exit the market in an orderly manner, while preserving creditors’ rights and increasing business transparency.
At Abdullah Azouni & Partners, we provide specialized services in bankruptcy procedures, from preventive settlement to financial restructuring and liquidation.
Preparing and submitting bankruptcy applications of all types, including preventive settlement, financial restructuring, liquidation, and administrative liquidation, and evaluating the eligibility of the establishment to file.
Representing the debtor in preparing financial restructuring proposals, negotiating with banks and creditors, and managing the voting process on the proposal.
Representing creditors in bankruptcy filings to protect and enforce their rights, and participating before commercial courts throughout the procedure.
Following up implementation of repayment plans or liquidation procedures, and protecting interests of parties dealing with the struggling establishment.
Comprehensive study of the financial and legal situation of the establishment before choosing the appropriate procedure.
Offering preventive solutions whenever possible, such as restructuring or settlements, before reaching liquidation stage.
Balancing interests of debtor and creditors within the legal framework.
