Best Bankruptcy & Debt Lawyers in Saudi Arabia

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Sahal Law Firm

Sahal Law Firm

15 minutes Free Consultation
Jeddah, Saudi Arabia

Founded in 2015
53 people in their team
English
Arabic
Sahal Law Firm - Riyadh, Saudi ArabiaSahal Law Firm is a premier Saudi law firm in Riyadh providing bilingual (Arabic / English) counsel to local and international clients. we deliver end-to-end solutions in mergers & acquisitions (M&A), SAMA fintech licensing, corporate and commercial law,...
Yaser Alsaif- Advocates and Legal Consultants

Yaser Alsaif- Advocates and Legal Consultants

15 minutes Free Consultation
Dammam, Saudi Arabia

Founded in 2021
10 people in their team
Arabic
Hindi
Chinese
English
At Yaser AlSaif Law Firm, we are committed to delivering high-quality legal services with professionalism, integrity, and a client-first approach. Our firm provides expert legal counsel across a broad spectrum of practice areas, with a focus on Public Law, Private Law, and Trademark &...
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Alkani Lawyers & Consultants
Riyadh, Saudi Arabia

Founded in 2000
50 people in their team
Arabic
English
 Lawyer/ Saad Mabrouk Kani Al-MutairiFounder and CEOHe holds a master's degree from the Higher Institute of Judiciary.He holds a BA in Sharia from Al-Imam University.- Certified commercial arbitrator at the Gulf Arbitration Center.Certified expert in the General Court. - Certified trainer...
The Edge Law Firm
Riyadh, Saudi Arabia

Founded in 2016
5 people in their team
Arabic
French
English
The Edge is an unconventional law firm drawing on new technologies to change the way in which legal services are provided, resulting in cost effectiveness for clients. The Edge is specialized in providing legal subcontracting services to both law firms and legal departments of companies of all...
Khalid Alnowaiser Law Firm & Partners

Khalid Alnowaiser Law Firm & Partners

15 minutes Free Consultation
Jeddah, Saudi Arabia

Founded in 1994
10 people in their team
English
Arabic
Khalid Alnowaiser Law Firm & Partners: Pioneering Legal Excellence in Saudi ArabiaEstablished in 1996 by Dr. Khalid Alnowaiser, our firm has rapidly evolved into a vanguard of legal innovation in Riyadh and Jeddah. At Khalid Alnowaiser Law Firm & Partners, we don't just practice law; we...

Founded in 2010
30 people in their team
English
Arabic
Since 2010, Al Madani & Co.  has offered a variety of outstanding legal services across the kingdom. Having been registered with the Saudi Bar Association, the Firm managed to serve our clients efficiently by rendering the best legal advice and providing the finest legal representation....
Riyadh, Saudi Arabia

Founded in 2012
English
Aljaafari & Albassam Law Firm (JB Law), based in Al Khobar, Saudi Arabia, offers comprehensive legal services in litigation, arbitration, and advisory capacities. The firm specializes in commercial disputes, corporate matters, liquidation and bankruptcy, foreign investment, employment, and labor...
Bin Afif Law
Jeddah, Saudi Arabia

Founded in 2015
50 people in their team
Arabic
English
Mohammed Bin Afif Law Firm is one of the leading offices in the legal profession in the Kingdom of Saudi Arabia, and one of the offices accredited by the Vision 2030 Realization Office. The work team consists of a distinguished elite of professional cadres of lawyers and consultants in most areas...
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About Bankruptcy & Debt Law in Saudi Arabia:

Bankruptcy and debt laws in Saudi Arabia are governed by the Saudi Arabian Bankruptcy Law, which was enacted in 1999. The law aims to provide a legal framework for the reorganization and liquidation of insolvent companies, as well as to protect the rights of creditors and debtors. Bankruptcy proceedings in Saudi Arabia are overseen by the Ministry of Commerce and Investment.

Why You May Need a Lawyer:

You may need a lawyer to assist you with bankruptcy and debt-related issues in Saudi Arabia if you are facing financial difficulties, are being pursued by creditors, or are considering filing for bankruptcy. A lawyer can help you navigate the complex legal process, protect your rights, and ensure that your interests are represented during proceedings.

Local Laws Overview:

Some key aspects of local laws that are particularly relevant to bankruptcy and debt in Saudi Arabia include:

  • The Saudi Arabian Bankruptcy Law outlines the procedures for bankruptcy proceedings, including the reorganization and liquidation of insolvent companies.
  • Debtors may be able to negotiate with creditors to reach a settlement or restructuring agreement outside of court.
  • Creditors have the right to pursue legal action against debtors to recover outstanding debts.

Frequently Asked Questions:

Q: Can individuals file for bankruptcy in Saudi Arabia?

A: Yes, individuals in Saudi Arabia can file for bankruptcy under the Saudi Arabian Bankruptcy Law.

Q: What are the consequences of filing for bankruptcy in Saudi Arabia?

A: Filing for bankruptcy in Saudi Arabia can have various consequences, including the liquidation of assets, restrictions on future business activities, and damage to credit ratings.

Q: How long does the bankruptcy process typically take in Saudi Arabia?

A: The duration of the bankruptcy process in Saudi Arabia can vary depending on the complexity of the case, but it generally takes several months to complete.

Q: Can creditors take legal action against debtors in Saudi Arabia?

A: Yes, creditors in Saudi Arabia have the right to pursue legal action against debtors to recover outstanding debts.

Q: Are there alternatives to filing for bankruptcy in Saudi Arabia?

A: Yes, debtors may be able to negotiate with creditors to reach a settlement or restructuring agreement outside of court.

Additional Resources:

For more information on bankruptcy and debt laws in Saudi Arabia, you can visit the Ministry of Commerce and Investment website or consult with a legal professional specializing in bankruptcy and debt law.

Next Steps:

If you require legal assistance with bankruptcy and debt-related issues in Saudi Arabia, it is advisable to seek the advice of a qualified lawyer who can guide you through the process and protect your interests.

Lawzana helps you find the best lawyers and law firms in Saudi Arabia 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 Saudi Arabia - 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.