Bankruptcy and liquidation of companies

When companies face financial difficulties, it is necessary to take legal measures that preserve rights and take into account the obligations of the parties. The office of Attorney An’ad bin Mishari Al-Harbi provides its services in this field in accordance with the provisions of the Saudi Bankruptcy Law and the Companies Law. To achieve balance.

The most prominent services we provide are:

• Providing legal advice to distressed companies to assess their financial situation and determine whether restructuring, preventive settlement, or liquidation is the most appropriate option.
• Preparing and submitting bankruptcy or liquidation applications through the Bankruptcy Commission’s unified portal and attaching the required regulatory documents.
• Representing the company before commercial courts throughout all stages of litigation related to bankruptcy or liquidation, including submitting memoranda, appearing at hearings, and objecting to decisions.
• Negotiating with creditors, liquidators, and appointed experts to reach fair solutions that preserve the rights of the facility and creditors.
• Managing regular liquidation procedures such as inventorying assets, distributing proceeds, and closing the company’s legal entity.
• Post-liquidation follow-up by providing legal advice to partners on their subsequent obligations or new incorporation steps.