Corporate Bankruptcy Procedures
Liquidation and bankruptcy are essential legal processes in cases of corporate financial distress. These processes are categorized into several types:
- Preventive Settlement
- Financial Restructuring
- Liquidation
- Preventive Settlement for Small Debtors
- Financial Restructuring for Small Debtors
- Liquidation for Small Debtors
- Administrative Liquidation
The Bankruptcy Law in Saudi Arabia outlines all stages of bankruptcy proceedings, aiming to guide companies in restructuring their organizations and systematically liquidating assets, helping them navigate financial difficulties and challenges.
Shehab Alsaleh Lawyers & Legal Advisors provides comprehensive legal solutions for liquidation and bankruptcy cases, ensuring corporate compliance with legal procedures while protecting the rights of all parties and minimizing additional damages. Our services include:
- Legal Consultation: Offering detailed legal advice on liquidation and bankruptcy mechanisms, along with financial assessment and appropriate solutions.
- Liquidation Procedures: Assisting companies in executing liquidation processes following legal procedures, including asset sales and creditor distribution.
- Bankruptcy Procedures: Providing full support in bankruptcy cases, including bankruptcy declaration and legal solutions to minimize financial losses.
- Creditor Negotiation: Engaging with creditors to reach amicable debt settlements and avoid litigation.
- Court Representation: Representing companies before specialized courts in liquidation and bankruptcy cases to ensure the protection of all stakeholders’ rights.