Bankruptcy Law
Art. 68Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The trustee shall, as specified in the Regulations, prepare a list of claims of creditors on the basis of information submitted to him, and shall
submit such list with the court for approval within 14 days from the date of expiration of the period set for submission of claims. The list must
include the following:
a) The address and claim amount of each creditor.
b) Identification of secured creditors, details of securities held thereby, and the estimated value of assets subject of such securities.
c) Debts that may be set off.
d) The trustee's recommendation regarding each submitted claim whether to accept, reject, or refer such claim to an expert.
e) Stipulations of the Regulations.
2. The trustee must, within five days from the date of filing the list of claims with the court, notify the creditor of the recommendation to reject or
refer his claim to an expert. Said creditor may petition the court to consider his claim. If the court decides to accept such claim or part thereof, it
shall include it in the list of claims for voting purposes.
3. The court may, if necessary and upon the request of the trustee, extend the deadline for submitting the list of claims referred to in paragraph (1)
of this Article.
4. The creditor may access the list of claims approved by the court.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded