Article 30 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 30 من اللائحة التنفيذية لنظام الإفلاس · الفصل الثاني: أحكام مشتركة بين إجراءات الإفلاس: طلب افتتاح إجراء الإفلاس
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.
Official text (Arabic)
This article has not been amended since the law was issued.
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 أو تعديل أو خلط مع مال آخر بما يغير من طبيعته.
ب - إذا لم يقبض الدائن أي جزء من ثمن هذا المال.
ج - إذا تقدم الدائن بطلبه خلال (خمسة) أيام من تاريخ تعليق المطالبات.
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 30 explained in plain English
This article of the Implementing Regulations of the Bankruptcy Law deals with the case of a creditor who finds its own property (the very property it owns) still with the debtor, such as a seller who delivered goods and did not receive the price.
When does the court consider the request? During the period of the stay of claims.
Cases in which the court orders return of the very property:
- The property remains as it was: If the property has not changed by increase, decrease, modification or mixing with other property in a way that changes its nature.
- The price was not received: If the creditor has not received any part of the price of this property. The text says "any part".
- The period: If the creditor submits its request within 5 days of the date of the stay of claims.
The period is short: only 5 days from the date of the stay of claims, so a creditor who knows its property is still with the debtor should act promptly to submit its request.
What the article does not mention: It does not set out how the request is submitted, what rules follow the return of the property, or the position of a creditor whose property is not returned.
Relation to neighboring articles: Article 29 provides that membership of the creditors' committee does not stop the member from dealing with the debtor if the dealing is in good faith and at fair value. Article 31 regulates amendment of the plan, and allows the court to rule on a stay of claims if the reason for the amendment is the arising of a material circumstance.
Because the period is short and assessing whether the property has changed or remained as it was requires examination, the creditor is advised to consult a lawyer who specializes in bankruptcy and commercial cases as soon as it learns of the stay of claims.
Practical example
An appliance dealer in Riyadh sold a company 50 air conditioners on credit, did not receive any part of the price, and the units are still in the company's warehouse in their original condition, not installed or modified. A bankruptcy procedure was then opened for the company and the claims were stayed. The dealer can ask the court to return the very units, provided it submits its request within 5 days of the date of the stay of claims.
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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Active contributorFrequently asked questions about Article 30 of the Saudi Implementing Regulations of the Bankruptcy Law
Can I get my goods back from a company in a bankruptcy procedure?
During the stay of claims, the court considers the request of a creditor who finds its own property with the debtor, and orders its return in the cases the article lists: the property has not changed in a way that alters its nature, the creditor has not received any part of the price, and the request is made within 5 days of the date of the stay of claims.
What is the period to request return of the very property?
5 days from the date of the stay of claims.
What if I received part of the price?
One of the cases the article lists for returning the very property is that the creditor has not received any part of the price, so if part was received, this case is not met.
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 13
The creditor submits his claim to the trustee or the Bankruptcy Committee within the period specified for submitting claims and in the specified form.
يقدم الدائن مطالبته إلى الأمين أو لجنة الإفلاس خلال المدة المحددة لتقديم المطالبات وفق النموذج المحدد لذلك.
- 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 33
This article of the Regulations requires the debtor to notify creditors of the opening of the protective settlement within 7 days and gives an omitted creditor 14 days to request inclusion of its claim.
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 of the Regulations allows a person who owns assets in the debtor's possession or held by the debtor 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.