Journal of Legal, Ethical and Regulatory Issues (Print ISSN: 1544-0036; Online ISSN: 1544-0044)

Abstract

The legal implications of the judgment declaring insolvency in accordance with the Jordanian insolvency law no. 21 of 2018.

Author(s): Ziad Alwahshat, Mohammad Friehat

This study dealt with the effects of the month of insolvency, which limits the debtor's freedom to manage and dispose of his money. The researchers used the descriptive approach by presenting the legal texts that dealt with the subject of the study and the analytical approach by analyzing the legal texts contained in the insolvency law to show the effects of the ruling on the month of insolvency. This study has reached several conclusions, the most important of which is that the new insolvency law abolished the effects that affect the debtor on his person, such as confiscating his freedom and imposing residence on him, taking away his political rights, his right to occupy public office, and membership of councils, and the effects related to the debtor were limited to those that limit From his freedom to manage his money and dispose of it, and this study reached several recommendations, the most important of which is dealing with the impact of work contracts, and dealing with the impact on the owners of secured debts, in a way that leaves no room for doubt about the mechanism of their receipt of their debts from the guarantees when selling them.

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