Article 44 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 44 من اللائحة التنفيذية لنظام الإفلاس · الفصل الرابع: إجراء إعادة التنظيم المالي
This article requires the trustee to allow a creditor to inspect the list of claims approved by the court.
Official text (Arabic)
This article has not been amended since the law was issued.
على الأمين تمكين الدائن من الاطلاع على قائمة المطالبات التي تعتمدها المحكمة.
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 44 explained in plain English
This article of the Implementing Regulations of the Bankruptcy Law sets out an important right of the creditor and makes it a duty of the trustee: to allow the creditor to inspect the list of claims approved by the court.
The elements of the ruling are as follows:
- Person bound: The trustee.
- Beneficiary: The creditor.
- Subject of inspection: The list of claims after the court approves it, not any preliminary list.
The importance of this right is that through it the creditor can know where its claim stands among the other claims, and whether it was accepted in the approved list. The article does not specify the means or duration of inspection; its ruling is limited to obliging the trustee to allow it.
This article sits within the provisions on the financial reorganization procedure in the Regulations, after Article 43 on a request to recover assets and before Article 45, which requires the trustee to attach his report on the proposal when it is filed with the court.
If a creditor finds that its claim was not approved as it sees it, it is advisable to consult a lawyer who specializes in bankruptcy and commercial cases to learn the options available.
Practical example
Abdullah is a creditor of a company in the financial reorganization procedure and wants to confirm that his claim is included. He asks the trustee to inspect the list of claims approved by the court, and the trustee must allow him to do so.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
How we write and review contentCommercial & Corporate Law lawyers: ask a specialist about your case
Describe your situation briefly and we'll suggest a lawyer who specialises in this law
Commercial & Corporate Law lawyers
Lawyers who handle this kind of case
Ibrahim Al Salem Law Firm
Active contributor
Dr. Ali Al-Rubaie Law Office and Ittihad Al-Asr Legal Company
Frequently asked questions about Article 44 of the Saudi Implementing Regulations of the Bankruptcy Law
Does a creditor have the right to inspect the list of claims in bankruptcy?
Yes. The trustee must allow the creditor to inspect the list of claims approved by the court.
Who is responsible for allowing the creditor to inspect?
The trustee is the one bound to do so.
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 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
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.