The Sessation of Paying back the Debts as a premise for the declaration of Bankruptcy: A Study in the Law of Bankruptcy no 3 (1976)

Authors

  • د. حمدي محمود بارود

Keywords:

cessation of paying back, declaration of bankruptcy, bankruptcy law, Palestinian trade law.

Abstract

This study examines the cessation of paying back the debts as an

indication of a critical financial period for the debtor, who would endanger

his creditors’ rights. Therefore, lawmakers placed ultimate powers in the

court to decide whether such cessation justifies bankruptcy and to make a

decision on the beginning of the cessation of payment.

Judges in courts have the discretion to identify the illegal actions by

the debtor and therefore to declare a bankruptcy date before starting the

bankruptcy procedures.

This research will also examine the similarities and differences between

Palestinian bankruptcy law and other bankruptcy laws.

Published

2017-06-12

How to Cite

بارود د. ح. م. (2017). The Sessation of Paying back the Debts as a premise for the declaration of Bankruptcy: A Study in the Law of Bankruptcy no 3 (1976). Journal of Al-Quds Open University for Humanities and Social Studies, 1(31). Retrieved from https://journals.qou.edu/index.php/jrresstudy/article/view/834

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