Judicial Reconciliation after the Bankruptcy Ruling in Arab Systems

Abstract

Judicial reconciliation is one of the most successful friendly means of resolving creditors' disputes with the bankrupt merchant after a bankruptcy ruling against him, especially since it is a means that enables the merchant to return to his commercial activities. Therefore, it is considered a means of stabilizing commercial transactions, the effects of which are reflected on the national economy. Therefore, this study aims to present, analyze and interpret the legal rules related to judicial reconciliation in Arab systems. In this context, the researcher reviewed the legal texts in Arab bankruptcy systems. The study was based on the descriptive analytical comparative approach. The study reached several results, the most important of which is that Arab systems agreed to codify the rules of judicial reconciliation for the bankrupt merchant after a bankruptcy ruling against him, although they differed in the procedures followed for that.