الفرق بين الإعسار و الإفلاس

Abstract EN

Insolvency and bankruptcy are among the means that the legislator considers to implement on the debtor’s funds.

And distribute it to creditors in order to ensure the rights of creditors, stability of transactions and stability of the movement of funds The insolvency regime is applied to nonmerchants, and the insolvent debtor is if its debts owed on his money increase.

In this case, creditors may request a month of insolvency.

In Algeria, insolvency provisions are separate in the Algerian civil law, unlike bankruptcy in the commercial law.

He who has made his own legal system applied to the merchant when it is proven that he has stopped paying his commercial debts, and his creditors have the right to resort to the judiciary to execute his money by requesting a bankruptcy month and handcuffing him from managing his money in preparation for the mass liquidation during this period, the debtor can request an expense determined by the judge to conduct its affairs and the expense of those under his care.