Article 7 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 7 من اللائحة التنفيذية لنظام الإفلاس · الفصل الثاني: أحكام مشتركة بين إجراءات الإفلاس: طلب افتتاح إجراء الإفلاس
This article of the Regulations requires the debtor and the trustee to document in writing all acts carried out in the bankruptcy procedure.
Official text (Arabic)
This article has not been amended since the law was issued.
على المدين والأمين توثيق جميع الأعمال في إجراء الإفلاس كتابةً.
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 7 explained in plain English
This article of the Implementing Regulations of the Bankruptcy Law is short but general in effect: it requires two specific parties, the debtor and the trustee, to document all acts in the bankruptcy procedure in writing.
What does this mean in practice?
- The obligation covers "all acts" in the procedure, and the text does not exclude any particular type.
- The obligation falls on the debtor and the trustee, and the article does not mention anyone else among those addressed.
- The documentation must be written, and the article does not specify a particular form or template for the writing.
Relation to neighboring articles: this article comes with other provisions regulating form in bankruptcy procedures. Article 6 requires notice by the debtor, the trustee or the Bankruptcy Committee to be in the specified form, and announcements to be on the Bankruptcy Committee's website. Article 8 allows any notice, document or information to be sent to the national address, or by electronic means including text messages to the verified mobile phone, email, and accounts registered in government automated systems.
Why does it matter? A written record of every act in the procedure makes it easier to refer back to and follow what happened in it. The debtor would therefore do well to keep organized copies of everything issued or received during the procedure.
Anyone who needs to know what must be documented in a particular procedure would do well to consult a lawyer specializing in bankruptcy cases.
Practical example
A trustee appointed in a financial restructuring procedure for a company in Jeddah agreed orally with one of the suppliers to postpone a delivery date. Under this article, he must document this act in writing among the acts of the procedure, and an oral agreement is not enough.
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 7 of the Saudi Implementing Regulations of the Bankruptcy Law
Must the acts of a bankruptcy procedure be documented in writing?
Yes. This article requires the debtor and the trustee to document all acts in the bankruptcy procedure in writing.
Who is required to document in writing in a bankruptcy procedure?
The debtor and the trustee, according to the text of this article.
More articles on Notification and Documents in Bankruptcy
- Article 6
Notices are given by the debtor, trustee or Bankruptcy Committee in the specified form and announcements on the Committee's website; where notice is impossible, an announcement is made and notice takes effect from its date.
1- يكون التبليغ من المدين أو الأمين أو لجنة الإفلاس بموجب أحكام النظام واللائحة وفق النموذج المحدد لذلك. 2- يكون الإعلان من المدين أو الأمين أو لجنة الإفلاس بمو
- Article 8
This article of the Regulations allows notices and documents to be sent to the national address or electronically, treats notice to the chosen head of trustees as notice to the rest, and requires a meeting invitation to state the date, time and place.
1- يجوز إرسال أي تبليغ أو وثيقة أو معلومة، وما في حكم أي منها مما نص عليه في النظام أو اللائحة، على العنوان الوطني، أو عبر الوسائل الإلكترونية ومنها الرسائل الن
- Article 9
This article of the Regulations requires correspondence, notices, approvals, agreements, warnings, requests and any other document under the Bankruptcy Law or its Regulations to be in writing.
يجب أن تكون المراسلات والتبليغات والموافقات والاتفاقات والإنذارات والطلبات وأي وثيقة أخرى بموجب أحكام النظام أو اللائحة مكتوبة.
- 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 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 49
This article requires a debtor who requests liquidation to notify its creditors of the request and hearing date within 7 days of registering it, and allows a creditor to object at least 5 days before the hearing.
على المدين -إذا تقدم بطلب افتتاح إجراء التصفية- تبليغ دائنيه بالطلب, وموعد جلسة النظر فيه خلال (سبعة) أيام من تاريخ قيده. وللدائن تقديم اعتراض إلى المحكمة على ا
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.