النظام القانوني لصدور حكم بشهر الافلاس في القانون الاردني مقارنة مع القانون المصري

What distinguishes commercial transactions from other transactions is that they are based on trust and commercial credit, so if the merchant fails to pay his debts or deliberately does not pay, he is facing a unique system of its kind, which is the bankruptcy system. Paying his commercial debts so as to give the creditor the right to execute on his money and to request declaring his bankruptcy, thus distributing the remainder of the debtor’s money to the creditors as a fine. It can be said that both the Jordanian and Egyptian laws did not adopt the idea of ​​actual bankruptcy, meaning that the merchant’s mere cessation of payment is not alone sufficient to declare his bankruptcy, but a judgment must be issued for declaring bankruptcy, whether this judgment is at the request of the debtor himself, the creditors, the court, or the heirs, if they have the right to Hence the need to study this system, specifically the stage in which a judgment is issued for declaring bankruptcy without going into the issues prior to the state of bankruptcy as well as the issues subsequent to its confirmation.