Bankruptcy Law
Art. 193Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. Claims of creditors submitted to the trustee during the liquidation procedure or small debtors' liquidation procedure shall be equal to any
outstanding debt following set-off.
2. If, during the liquidation procedure or small debtors' liquidation procedure, the outstanding debt after set-off is owed to the debtor, it shall be
paid to the trustee and included in the bankruptcy assets. If the debt’s maturity date is in the future or is conditional, such debt shall be paid to the
trustee when it becomes due and payable.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded