Kuwait Court of Cassation principle number 1880

Issuance of a judgment declaring bankruptcy. Its effect. Divesting the bankrupt, from its date, of the administration of all his assets, whether related to his trade or not. The reason for this. All his assets secure payment of his debts, and his patrimony is indivisible. This extends to assets devolving upon him while bankrupt, and he may not conduct proceedings concerning them except those confined to conservatory measures benefiting his creditors and not harming them. An appeal in cassation is not a conservatory measure excepted from this prohibition. The reason for this. Example concerning the inadmissibility of an appeal in cassation lodged by the appellant after issuance of the judgment declaring him bankrupt. - 328 - Commercial