Upon whom does the burden of proving the viability of the business and the settlement of claims fall when requesting the commencement of the Financial Reorganization Procedure?
Legal Answer
Radiif AI Legal Assistant
⚡ Quick Answer:
The burden of proving the viability of the debtor's business and the settlement of creditors' claims within a reasonable period falls upon the debtor applying for the commencement of the procedure.
Legal References & Citations
1- مع مراعاة ما ورد في المادة (الرابعة) من النظام، لا يصفى أي شخص بموجب نظام آخر إلا إذا كانت أصوله تكفي لسداد جميع ديونه وكان غير متعثر. 2- إذا تم حل المدين وتصفيته اختيارياً بالمخالفة لحكم الفقرة (1...
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