Article 20 of Bankruptcy Law

The application shall be submitted by the debtor or the regulatory authority, specifying the procedure requested and the reason for it, and shall be accompanied by the following documents, as applicable: (1) A memorandum containing a brief description of the debtor's economic and financial position and information on his assets, in addition to detailed particulars of his employees. (2) A copy of the debtor's commercial or industrial licence and of his commercial register. (3) A copy of the commercial books or financial statements relating to the debtor's business for the three financial years preceding the date of submission of the application. (4) A statement of the cases brought by and against the debtor and the estimated amount of each. This statement shall not constitute an acknowledgement by the debtor of the validity of these debts. e) A statement of all cases, enforcement proceedings or other proceedings that will be stayed as a consequence of the issuance of a decision to commence proceedings pursuant to this Law or pursuant to a decision of the Bankruptcy Judge. (6) A report containing the following: 1- The debtor's cash liquidity forecasts and profit and loss forecasts for the period of the year following submission of the application. 2- A statement of the names of known creditors and debtors, their electronic and ordinary addresses, their telephone numbers, the value of their claims or debts, and the security provided for them, if any, and the classification of those creditors and debtors. 3- A detailed statement of the debtor's assets and the tax value of each of those assets on the date of submission of the application, and a statement of any security interests or third-party rights encumbering them. Law Index 1391 Home Page Bankruptcy Law Law No. 71 of 2020 Promulgating the Bankruptcy Law 7) The naming of a trustee nominated by the applicant to undertake the duties of restructuring trustee or bankruptcy trustee in accordance with the provisions of this Law. 8) A statement of whether the debtor is capable of administering his assets and wishes to administer them, and the basis for that, or whether the interests of the creditors require the appointment of a trustee to undertake administration, and the justification and basis for that. 9) A statement of any conservatory measures that the interests of the creditors require to be taken, whether the interests of the creditors require that they be taken urgently, and the justification and basis for that. 10) Whether or not the debt in respect of which an application for preventive settlement or restructuring is submitted will need to obtain financing during the period from the date of issuance of the decision to commence proceedings until approval of the preventive settlement or restructuring plan, and, in the former case, a statement of the estimated total amount of financing it will need during the aforementioned period, its purposes, duration and security, and its effect on the preventive settlement or restructuring plan and on the rights of creditors whose debts are secured and other creditors. 11) If the applicant is a company, the application must be accompanied by a copy of the decision of the competent body in the company authorising the applicant to submit an application to commence proceedings, and a copy of the company's incorporation documents and any amendments thereto. 21) Any other information, particulars or documents supporting the information contained in the application or requested by the Bankruptcy Administration. If the applicant is unable to provide any of the particulars, information or documents required pursuant to the provisions of the first paragraph of this Article, he shall state the reasons for that in his application.