English translation
After annulment or rescission of the composition, the creditors' debts shall be restored to them in full, in relation to the bankrupt alone. These creditors shall participate in the body of creditors for the full amount of their original debts if they have received nothing of the amount allocated to them under the composition; otherwise, their debts must be reduced by the value of what they have received. Law Index 1439 Home Page Bankruptcy Law Law No. 71 of 2020 Promulgating the Bankruptcy Law The provisions mentioned in the preceding paragraph shall apply if the debtor is declared bankrupt before completion of performance of the terms of the composition. Part Six Common Provisions
Arabic original
تعود إلى الدائنين بعد إبطال الصلح أو فسخه ديونهم كاملة، وذلك بالنسبة إلى
المفلس فقط، ويشترك هؤلاء الدائنون في جماعة الدائنين بديونهم الأصلية كاملة إذا
لم يكونوا قد قبضوا شيئا من القدر الذي تقرر لهم في الصلح، وإلا وجب تخفيض
ديونهم بقيمة ما قبضوا.
وتسري الأحكام المذكورة في الفقرة السابقة في حالة شهر إفلاس المدين قبل إتمام
تنفيذ شروط الصلح.Ask about this article
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