Privacy of the debtor authorities in the small debtors protective settlement procedure according to the Saudi bankruptcy law 2018

Abstract EN

The Saudi Bankruptcy Law states several procedures under the article 2.

The Small Debtor’s Protective Settlement is one of the essential Bankruptcy’s procedures.

In this context, article 127 of this law determines the goal of the protective settlement procedure for small a debtor which permits small debtors to achieve an agreement with creditors to resolve the debts during a reasonable time throughout easy, efficient, and inexpensive procedures, allowing the debtor to carry on running of his business.

The Small Debtor’s Protective Settlement procedure poses many questions which will be discussed in this study: what is the concept of the Small Debtor’s Protective Settlement? What is the importance of this procedure? What are the characteristics of the small debtor’s authority privacy in the Small Debtors Protective Settlement Procedure? The key question is that: what is the privacy 2 of the Debtor authorities in the Small Debtors Protective Settlement Procedure according the Saudi Bankruptcy Law 2018? Accordingly, this study will address the Privacy of the Debtor authorities in the Small Debtors Protective Settlement Procedure under the Saudi Bankruptcy Law 14.02.2018 issued by Royal decree number (M/50) dated 14.022018 with reference to its implementing regulations issued by the Ministers Council decision number (622) dated 05.09.2018 in line of the concept of this procedure, its importance, its goal, its characteristics and privacy of the small debtor authorities in this procedure.

In conclusion, this study comes out with significant results and recommendations.