Article 88 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 88 من اللائحة التنفيذية لنظام الإفلاس · الفصل الخامس عشر: لجنة الإفلاس
The Bankruptcy Committee, in coordination with the Ministry of Justice, specifies the information and documents provided for in the Law and the Regulations; they are published in the Official Gazette and take effect from publication.
Official text (Arabic)
This article has not been amended since the law was issued.
تحدد لجنة الإفلاس -بالتنسيق مع وزارة العدل- المعلومات والوثائق المنصوص عليها في النظام واللائحة، وتنشر في الجريدة الرسمية ويعمل بها من تاريخ نشرها.
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 88 explained in plain English
The phrase "information and documents" recurs in the Bankruptcy Law and its Regulations, required with many applications and filings. This article of the Regulations states who specifies them and when they become binding.
- Who specifies them? The Bankruptcy Committee, in coordination with the Ministry of Justice. This is consistent with the definition in Article 1 of the Regulations, which defines information and documents as those specified by the Bankruptcy Committee in coordination with the Ministry of Justice.
- How are they announced? They are published in the Official Gazette.
- When do they take effect? From the date of their publication.
In practice, this means that anyone who wants to file an application or make a filing in a bankruptcy procedure, and is required to attach the specified information and documents, must refer to what the Bankruptcy Committee has specified and published in the Official Gazette, not to this article, which does not list that information and those documents.
The article follows Article 87, which subjects the staff of the General Secretariat of the Bankruptcy Committee to the Labor Law and the Social Insurance Law, and precedes Article 89, which makes filing documents and information in the bankruptcy register electronic, on the specified form.
Anyone who needs to confirm that his documents are complete in a particular procedure may consult a lawyer specializing in bankruptcy and commercial cases.
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 88 of the Saudi Implementing Regulations of the Bankruptcy Law
Who specifies the information and documents required in bankruptcy procedures?
The Bankruptcy Committee, in coordination with the Ministry of Justice.
When do the specified information and documents take effect?
From the date of their publication in the Official Gazette.
Does the article list the required documents?
No. The article only states the body responsible for specifying them and how they are published.
More articles on Bankruptcy Committee and Bankruptcy Register
- Article 34
This article requires the debtor to file the court's decision approving or extending a stay of claims with the Bankruptcy Register as soon as it is issued.
على المدين أن يودع لدى سجل الإفلاس قرار المحكمة بالموافقة على طلب تعليق المطالبات أو تمديده فور صدوره.
- Article 60
This article requires the small debtor to file the decision approving a stay of claims or extending it with the Bankruptcy Register as soon as it is issued, and to announce it within 5 days.
1 - على المدين الصغير فور إصدار المحكمة قراراً بالموافقة على طلب تعليق المطالبات أو تمديده, إيداع القرار لدى سجل الإفلاس. 2 - يعلن المدين الصغير قرار المحكمة با
- Article 63
This article requires the trustee to file the judgment opening financial reorganization for small debtors, or the decision accepting the judicial filing, with the Bankruptcy Register within 5 days of the opening.
يودع الأمين لدى سجل الإفلاس حكم المحكمة بافتتاح إجراء إعادة التنظيم المالي لصغار المدينين أو قرارها بقبول الإيداع القضائي، وذلك خلال (خمسة) أيام من تاريخ افتتاح
- Article 72
This article requires the Bankruptcy Committee to file the decision ending administrative liquidation with the court and to file proof of the ending in the Bankruptcy Register and the Commercial Register within 5 days, and limits removing the debtor's name to a natural person.
1- تودع لجنة الإفلاس لدى المحكمة قرار إنهاء إجراء التصفية الإدارية مرافقاً له المعلومات والوثائق المحددة لذلك، وتودع لدى سجل الإفلاس والسجل التجاري ما يفيد بإنه
- Article 85
Sets the powers of the Bankruptcy Committee to issue rules on the bankruptcy register and the register referred to in Article 204 of the Law, on licensing, work, conduct and nomination of trustees and experts, and on inspection and verification.
مع مراعاة أحكام المادة (التاسعة) من النظام، تتولى لجنة الإفلاس الاختصاصات الآتية: أ - إصدار قواعد حفظ وإدارة سجل الإفلاس والسجل المنصوص عليه في الفقرة (2) من ال
- Article 86
Staff of the General Secretariat of the Bankruptcy Committee named by its decision carry out inspection, verification and seizure and may request any necessary document; the Committee may request the penalty in Article 207 of the Law.
1 - يتولى موظفو الأمانة العامة للجنة الإفلاس -الذين يصدر بتسميتهم قرار من اللجنة- أعمال التفتيش والتحقق والضبط، وللجنة الاستعانة في أداء هذه الأعمال بمن تراه مؤ
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.