Kuwait Court of Cassation principle number 4315

Issuance of a judgment declaring bankruptcy. Its effect. The bankrupt's creditors are barred from bringing actions against him and taking measures against his assets, and actions and measures taken individually by each creditor are stayed to protect creditors and achieve equality among them, as they are subject to proportional distribution among creditors so that each receives a share of the bankruptcy estate. The exception. Secured creditors holding pledges or mortgages and holders of special preferential rights. They may bring actions and continue them against the bankruptcy administrator.