For companies and debtors
Reviewing distress indicators and existing obligations, then comparing available proceedings and their effects before preparing an application or proposal.
A bankruptcy lawyer assesses a distressed company's legal and financial position, compares contractual restructuring with available bankruptcy proceedings, and advises or represents companies and creditors. Our services cover preventive settlement, financial reorganization, liquidation, claims, objections and voting across Saudi Arabia.
What We Offer in This Service
Assessing business viability and the company's debt structure
Debt restructuring and creditor negotiations before proceedings where appropriate
Representing companies in preventive settlement and financial reorganization
Advising on liquidation and its effects on stakeholders
Representing creditors in claims, objections and voting
Preparing applications, submissions, proposals and the legal action plan
When do you need specialized bankruptcy counsel?
The engagement starts by identifying the client’s capacity and the stage of distress or proceedings, because a company’s needs differ from a creditor’s and counsel’s role differs from that of a court-appointed trustee.
For creditors
Reviewing the proceeding announcement, preparing the claim and evidence, and assessing objection, voting and other rights at the relevant stage.
For the initial review
Useful records include the commercial registration, financial statements, schedules of debts and assets, contracts, judgments and related claims.
For distressed companies
Assess the company before selecting a proceeding
A dedicated Arabic resource explains early review signals, possible paths and the documents needed to begin a corporate assessment.
Our Claims Management Record
+630M SAR
Total Value of Registered Claims
600Claims
Total Registered Claims
Looking for an active proceeding or creditor claim?
Visit the bankruptcy management section for active proceedings, procedure guides and the creditor portal.
Frequently Asked Questions
Does every distressed company need to commence bankruptcy proceedings?
No. A contractual restructuring or creditor negotiation may be appropriate, while some cases require a statutory proceeding. The decision depends on the company's legal and financial position, business viability and stakeholder positions.
What is the difference between preventive settlement and financial reorganization?
The appropriate procedure depends on the debtor's circumstances, commencement requirements, and legal effects. Preventive settlement enables the debtor to negotiate an arrangement while remaining in management, whereas financial reorganization proceeds under the supervision of a licensed trustee with creditor participation.
Does the debtor lose control of their business?
The debtor's authority depends on the proceeding and the court order. The debtor remains responsible for its business in preventive settlement, while a trustee supervises financial reorganization and administers liquidation within the statutory mandate.
What is the difference between a bankruptcy lawyer and a trustee?
A bankruptcy lawyer advises and represents a specific party such as a company or creditor. A licensed trustee may be appointed by the court to administer the proceeding independently. The firm does not combine both roles in the same matter where a conflict exists.
When should a company seek bankruptcy advice?
Early advice is appropriate when cash flow deteriorates, enforcement claims accumulate or debts become difficult to meet. Eligibility and the appropriate procedure require legal and financial review of the specific circumstances.
How can I submit a creditor claim?
For proceedings administered by the firm, select the relevant case in the bankruptcy section and submit the claim with supporting documents. For other proceedings, use the channel identified in the responsible trustee's official announcement.
Do you represent a distressed company?
Book an initial meeting to understand the situation and define the information required for assessment.
Book a Meeting