Financial Restructuring and Bankruptcy Law

Article 281 — Article (281) Stay of the Criminal Proceedings

Part Seven · Chapter One: Crimes, Penalties and Rehabilitation

If the Bankruptcy Court decides to initiate preventive settlement or proceedings in accordance with this Law, any criminal proceedings that have been initiated or will be initiated against the debtor shall be stayed, if the same arises from actions related to issuance of bounced cheques with respect to the cheques issued by the debtor, before initiating the proceedings. The creditor holding the bounced cheque shall be included in the creditors, and their debt shall become part of the debtor's total debts.

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