Financial Restructuring and Bankruptcy Law

Article 105 — Article (105) Retention of Share of Temporarily-Approved Debt

Part Two · Chapter Two: Consequences of the Decision to Initiate Proceedings

The share of temporarily approved debt shall be retained from the proceeds of the sale of the debtor's property. When any distribution is made to creditors in accordance with the provisions of this Law, and if the Bankruptcy Court decides not to recognize the temporarily-approved debt or it has been allocated, the retained share shall be refunded in proportion to the general guarantee for creditors.

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