Article 195 of Bankruptcy Law

Upon the termination of the bankruptcy proceedings, each creditor regains the right to take individual proceedings to recover the remainder of his debt. If the creditor’s debt has been verified and finally admitted in the bankruptcy proceedings, the judgment declaring the debtor bankrupt shall constitute an enforceable instrument, pursuant to which each creditor may enforce against his debtor’s assets up to the amount of his debt. The registry of the Bankruptcy Court or the Court of Appeal, as the case may be, shall issue an executory copy of the judgment to each creditor, indicating therein the name of its holder and the amount of his debt, on the basis of a certificate issued to that effect by the Bankruptcy Administration. Home Page 1434 Index of the Law Bankruptcy Law Law No. 71 of 2020 Promulgating the Bankruptcy Law Chapter Five Closure and Termination of Bankruptcy Proceedings First Section Closure of Bankruptcy Proceedings for Insufficiency of Assets