Article 13 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 13 من اللائحة التنفيذية لنظام الإفلاس · الفصل الثاني: أحكام مشتركة بين إجراءات الإفلاس: طلب افتتاح إجراء الإفلاس
The creditor submits his claim to the trustee or the Bankruptcy Committee within the period specified for submitting claims and in the specified form.
Official text (Arabic)
This article has not been amended since the law was issued.
يقدم الدائن مطالبته إلى الأمين أو لجنة الإفلاس خلال المدة المحددة لتقديم المطالبات وفق النموذج المحدد لذلك.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 13 explained in plain English
This article of the Implementing Regulations of the Bankruptcy Law explains how a creditor claims his right in a bankruptcy procedure, and sets three elements:
- The recipient: the claim is submitted to the trustee or to the Bankruptcy Committee. The article does not specify when the recipient is the trustee and when it is the Bankruptcy Committee, but Article 14 makes the review of claims the task of the trustee or the Bankruptcy Committee "according to the procedure."
- The period: within the period specified for submitting claims. This article does not state the length of this period.
- The form: in the form specified for this purpose.
What happens after submission? Under Article 14, the trustee or the Bankruptcy Committee reviews the claims and takes what is needed to verify their validity, their value and the information submitted to prove them, then prepares a list of claims that is submitted to the court for approval within 14 days of the end of the period specified for submitting claims. The list includes a recommendation to accept each claim, reject it, or refer it to an expert.
Practical advice: the creditor should follow the period specified for submitting claims, use the specified form, and attach what proves his claim and its value, because the review covers the information submitted to prove it.
This article does not state the effect of submitting a claim after the period has ended. Anyone who has missed the period or has a complex claim would do well to consult a lawyer specializing in bankruptcy cases.
Practical example
A building materials supplier in Dammam is owed an amount by a contracting company for which a bankruptcy procedure has been opened. He must submit his claim to the trustee or the Bankruptcy Committee, as the procedure requires, within the period specified for submitting claims, using the specified form, attaching the invoices and what proves the value of his debt.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 13 of the Saudi Implementing Regulations of the Bankruptcy Law
To whom do I submit my claim in a bankruptcy procedure?
To the trustee or the Bankruptcy Committee, within the period specified for submitting claims.
Is there a form for submitting a creditor's claim?
Yes. The claim is submitted in the form specified for this purpose.
What happens after the claim is submitted?
The trustee or the Bankruptcy Committee reviews and verifies it, then it is included in a list submitted to the court for approval within 14 days of the end of the claims submission period, according to Article 14.
More articles on Creditors' Claims and Rights
- Article 10
This article of the Regulations gives the creditors' committee, creditor and debtor the right to inspect the procedure's information and documents held by the trustee or Bankruptcy Committee, unless declared confidential, with the right to object before the court.
1- للجنة الدائنين والدائن والمدين حق الاطلاع على ما لدى الأمين أو لجنة الإفلاس من معلومات ووثائق متعلقة بإجراء الإفلاس المفتتح للمدين ما لم يقرر الأمين أو لجنة
- Article 12
Enforcement against the assets securing the debtor's debt during the period of suspension of claims is carried out in accordance with the provisions of the relevant laws.
يكون التنفيذ على الأصول الضامنة لدين المدين خلال مدة تعليق المطالبات، وفقاً لأحكام الأنظمة ذات العلاقة.
- Article 14
The trustee or the Bankruptcy Committee reviews and verifies creditors' claims, then prepares a list of them with specified details and submits it to the court for approval within 14 days of the end of the claims submission period.
1- يراجع الأمين أو لجنة الإفلاس -بحسب الإجراء- مطالبات الدائنين، مع اتخاذ ما يلزم للتحقق من صحتها وقيمة كل منها والمعلومات المقدمة لإثباتها. 2- يعد الأمين أو لج
- Article 30
During the stay of claims, the court considers a creditor's request when it finds its own property with the debtor, and orders its return where the property is unchanged, no part of the price was received, and the request is made within 5 days.
تنظر المحكمة -خلال مدة تعليق المطالبات- في طلب الدائن الذي وجد عين ماله عند المدين، وتقضي برد عين ماله في الحالات الآتية: أ - إذا لم يتغير ماله بزيادة أو نقصان
- Article 33
This article requires the debtor to notify creditors of the preventive settlement opening judgment within 7 days, and gives an unlisted creditor 14 days to ask for its claim to be included.
1- على المدين تبليغ الدائنين المحددين في المقترح بحكم المحكمة بافتتاح إجراء التسوية الوقائية خلال (سبعة) أيام من تاريخ صدوره، ودعوتهم إلى التصويت على المقترح، ع
- Article 43
This article allows someone who owns assets in the debtor's possession or held by it to ask the court to recover them, with the specified information and documents.
يقدم من يملك أصولاً تقع في حيازة المدين أو محجوزة لديه، طلباً إلى المحكمة لاستردادها، مرافقة له المعلومات والوثائق المحددة لذلك.
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.