Upon applying or interpreting the provisions of this Law, the following objectives shall be observed: 1. Maintain the vitality of the national economy. 2. Preserve the rights of creditors. 3. Provide assistance to the debtor to settle its debts with its creditors, in addition to avoiding liquidation of its business and declaration of bankruptcy as much as possible. 4. Enhance the proceedings in a fair, equitable, prompt and organized manner. 5. Ensure fair distribution to creditors and ensure that creditors whose claims are of the same nature are treated on an equal footing. 6. Safeguard and protect bankruptcy estate. 7. Maximize the value of bankruptcy estate as much as practically possible.
Interpretation and application must be checked against the official text and current version.