الصلح الواقي من الإفلاس "وفقا للقانون رقم 11 لسنة 2018 بشأن تنظيم إعادة الهيكلة و الصلح الواقي و الإفلاس"

Abstract EN

The preventive composition of bankruptcy is considered in the law as one of the most important pillars of the business process that aims to protect the trader from falling into bankruptcy; The Egyptian law has designated a separate chapter for the Protective Composition from Bankruptcy in Law No.

11 of 2018, The debtor may resort to a merchant who stops paying his debts on time and became close to bankruptcy, to search for a way to avoid being declared bankrupt, Where the results of trader bankruptcy stops him from disposing and managing his money, The restriction of his freedom and the forfeiture of political, civil and other rights, The trader has the right to ask for the protective conciliation If he stops paying his debts, and asks to declare his bankruptcy if he did not commit a mistake or fraud.

It's a request submitted to the court by which the unfortunate debtor avoids declaring his bankruptcy, and most legislations have taken this legal system to protect the trader from declaring his bankruptcy.

This system achieves adequate guarantees for the debtor and all creditors, saves the trader from bankruptcy and its effects, and protects the creditors from the long procedures for bankruptcy and the exorbitant costs that may be required, and with this system the debtor continues after the issuance of the ruling to open the composition procedures based on managing his money under the supervision of the conciliation trustee, and he has the right to perform all actions The regularities required by his business.