Protective settlement from bankruptcy for commercial companies in light of the Corona pandemic)) Iraqi law and Omani law

Abstract

If the merchant ceases to pay his debts and becomes supervisor of bankruptcy, resort to searching for a way to avoid declaring his bankruptcy, and avoid the effects that result from bankruptcy. As a consequence of the declaration of bankruptcy, the names of the merchants who have been declared bankrupt and have not regained their status, shall be included in a table affixed to the door of every court and in the public hall of all exchanges. Inevitably, the judgment declaring bankruptcy and from the date of its issuance, the bankrupt relinquishes the bankruptcy agents to manage all his money, including the money that he may have during the period of bankruptcy, as the management of the bankrupt’s money is handed over to a major agent called the bankruptcy attorney, and the bankrupt may not sell any of his money And he cannot litigate before the judiciary except as an interfering in the lawsuits against which the bankruptcy attorneys are litigating. The litigation is limited to the period of debts incurred by the bankrupt, and the judgment for the month of bankruptcy is recorded in the Land Registry, and from the date of this registration, a compulsory insurance in the interest of the creditors' bloc is created. The court must order in its judgment in