Financial distress can strike any business or individual, regardless of past success. The Saudi Bankruptcy Law (enacted 2018, updated 2020) provides comprehensive procedures to help debtors restructure their debts, protect their assets, and achieve a fresh financial start. At Hoquqi Law Firm, we provide expert representation throughout all bankruptcy proceedings, protecting your rights and pursuing the best possible outcome.

Saudi bankruptcy law offers several mechanisms depending on the debtor's situation: Protective Settlement (for businesses facing temporary financial difficulties but with viable operations), Financial Reorganization (for businesses needing comprehensive restructuring to continue operations), Liquidation (when continuing operations is not viable and assets must be sold to pay creditors), and Small Debtor Settlement (simplified procedures for small businesses and individuals).

Our bankruptcy practice serves both debtors seeking protection and creditors pursuing their claims. For debtors, we provide strategic counsel on which bankruptcy procedure is appropriate, prepare and file comprehensive petitions, negotiate with creditors to reduce debts, develop viable reorganization plans, protect essential assets from liquidation, and ensure compliance with all bankruptcy court requirements.

With deep understanding of the Saudi Bankruptcy Law, its implementing regulations, and bankruptcy court procedures, we navigate this complex area efficiently. Whether you're a business facing overwhelming debt, an individual unable to meet obligations, or a creditor seeking to protect your claims, Hoquqi provides the expertise and dedication to guide you through bankruptcy proceedings successfully.

Protective settlement petitions and negotiations

Financial reorganization plan development and court approval

Liquidation proceedings and asset distribution

Creditor representation and claims enforcement

Comprehensive knowledge of Saudi Bankruptcy Law (2018/2020)

Experience with all bankruptcy procedures

Representation of both debtors and creditors

32+ years of financial and commercial law experience

Free initial consultation to assess your options

Expert bankruptcy representation including protective settlements, financial reorganization, liquidation proceedings, and creditor negotiations under Saudi Bankruptcy Law.

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Simplified bankruptcy procedures for small businesses and individuals, streamlined filings, reduced costs, and faster resolution timelines.

Small Business Bankruptcy

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