Best Bankruptcy & Debt Lawyers in Amman

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Akef Aldaoud & Partners Law Firm

Akef Aldaoud & Partners Law Firm

Amman, Hashemite Kingdom of Jordan

Founded in 1990
11 people in their team
English
Arabic
Al Daoud Law Firm is a comprehensive legal service provider with international visions. For the sake of “building glory through concerted efforts with our clients”, Al Daoud shares the vision and ambition with our clients to create the brilliance together.Established in 1990, Al Daoud has now...
Al Khair Legal Attorneys

Al Khair Legal Attorneys

1 hour Free Consultation
Amman, Hashemite Kingdom of Jordan

Founded in 2013
10 people in their team
English
Arabic
At Al-Khair Legal Attorneys, we believe in fostering a collaborative partnership with every client. Our approach goes beyond traditional legal representation; we view each client as a valued collaborator, working together to achieve their goals. With a commitment to understanding the unique needs...
View profile
ALTERNATIVE SOLUTIONS LAW FIRM

ALTERNATIVE SOLUTIONS LAW FIRM

Amman, Hashemite Kingdom of Jordan

Founded in 1992
8 people in their team
Arabic
ALTERNATIVE SOLUTIONS FOR DEBT. one of the strongest consultancy group based in Jordan since 1992, our group excelled in providing legal services in many fields including setting up companies, corporate bodies, joint ventures, arbitration, foreign investments privatization, intellectual property,...
Sahouri & Partners LLC- Advocates & Legal Consultants

Sahouri & Partners LLC- Advocates & Legal Consultants

Amman, Hashemite Kingdom of Jordan

Founded in 1965
11 people in their team
English
Found, in 1965, on the principles of honesty, integrity and provision of high-quality legal services, Sahouri Law is recognized as one of Jordan’s premier law firms. The law firm’s 55+ years of legal experience uniquely positions the law firm as one of the most knowledgeable of the local market...
THE LAW OFFICE OF JORDANIAN LAWYER ESSAM HADDAD FOR INTEGRATED LEGAL SOLUTIONS

THE LAW OFFICE OF JORDANIAN LAWYER ESSAM HADDAD FOR INTEGRATED LEGAL SOLUTIONS

Amman, Hashemite Kingdom of Jordan

Founded in 2014
3 people in their team
Arabic
English
The office of Jordanian lawyer Issam Haddad is also considering all of the following cases:Cases related to construction contracts and construction contracting.Cases related to the banking business, including documentary credits, letters of guarantee, and bank guarantees.In lawsuits based on the...
AS SEEN ON

Browse bankruptcy & debt law firms by service in Amman, Hashemite Kingdom of Jordan

Amman, Hashemite Kingdom of Jordan Attorneys in related practice areas.

About Bankruptcy & Debt Law in Amman, Hashemite Kingdom of Jordan

Bankruptcy & Debt law in Amman, Hashemite Kingdom of Jordan deals with the legal processes and regulations surrounding individuals or businesses facing financial difficulties and unable to repay their debts. It provides a framework for resolving debt-related issues, protecting creditors' rights, and offering relief to debtors.

Why You May Need a Lawyer

There are several situations where it is advisable to seek legal help in Bankruptcy & Debt matters in Amman:

  • If you are considering filing for bankruptcy and need guidance on the appropriate steps to take.
  • If you are a creditor seeking to recover your debts and want assistance with debt collection or negotiations.
  • If you are facing legal action by creditors or debt collectors and require representation to protect your rights and interests.
  • If you are dealing with complex financial issues and need professional advice to navigate through the legal complexities.
  • If you need assistance with drafting or reviewing contracts, agreements, or repayment plans related to debt.

Local Laws Overview

In Amman, Hashemite Kingdom of Jordan, some key aspects of the Bankruptcy & Debt laws include:

  • Bankruptcy proceedings are mainly governed by the Jordanian Bankruptcy Law, enacted in 2018.
  • There are different types of bankruptcy, including individual, corporate, and settlement bankruptcy.
  • The court oversees bankruptcy proceedings and appoints a trustee to manage the debtor's assets.
  • Debtors may be eligible for bankruptcy discharge after fulfilling certain conditions outlined in the law.
  • Various reorganization and rehabilitation options are available to debtors to help them repay their debts, such as debt settlement agreements.
  • Creditors have rights to file claims and participate in bankruptcy proceedings to recover their debts.

Frequently Asked Questions

1. Can I file for bankruptcy in Amman, Hashemite Kingdom of Jordan as an individual?

Yes, individuals facing overwhelming debt can file for bankruptcy in Amman. The Jordanian Bankruptcy Law provides provisions for individual bankruptcy proceedings.

2. What is the role of a bankruptcy trustee?

A bankruptcy trustee is appointed by the court to manage the debtor's assets, investigate the debtor's financial affairs, and distribute the proceeds to creditors in accordance with the law.

3. How long does a bankruptcy filing stay on my credit report?

In Amman, a bankruptcy filing may remain on your credit report for a period of five years from the date of discharge.

4. Can I continue operating my business during bankruptcy proceedings?

Depending on the circumstances, you may be able to continue operating your business under the supervision of the bankruptcy trustee. However, certain restrictions and obligations may apply.

5. Are all debts dischargeable in bankruptcy?

No, not all debts can be discharged in bankruptcy. Some common non-dischargeable debts include government debts, child support payments, and certain types of taxes. It is best to consult with a lawyer to understand which debts are dischargeable in your specific situation.

Additional Resources

  • Ministry of Justice Jordan: https://moj.gov.jo/
  • Jordan Bar Association: https://www.jordanbar.org/
  • Jordan Bankruptcy Law (Arabic): https://www.jordanbar.org/sites/default/files/law_on_bankruptcy.pdf

Next Steps

If you require legal assistance in Bankruptcy & Debt matters in Amman, it is advisable to:

  • Research and identify reputable bankruptcy lawyers or law firms experienced in handling bankruptcy cases.
  • Consult with a lawyer to discuss your specific situation and receive personalized legal advice.
  • Provide the necessary documentation and information requested by the lawyer to assess your case.
  • Discuss the lawyer's fees and any potential payment arrangements.
  • Collaborate closely with your lawyer throughout the legal process and follow their guidance.
Lawzana helps you find the best lawyers and law firms in Amman through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy & Debt, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Amman, Hashemite Kingdom of Jordan—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.