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5. Bank Account Statements for a Period of Ten Years
No: 42066419
Date(g): 1/5/2021 | Date(h): 20/9/1442
Status: In-Force
Effective from 2021-05-01 - Apr 30 2021 To view other versions open the versions tab on the right
5.1
The trustee or committee, as applicable, must be provided with the debtor's bank account statements for a period of ten years, upon completion of the court’s decision including any of the following:
A.
The initiation of liquidation or liquidation for small debtors for the natural or legal person and the appointment of a single trustee.
B.
The initiation of liquidation or liquidation for small debtors and the appointment of multiple trustees, specifying their duties and powers, including the request for bank account statements.
C.
The initiation of administrative liquidation and the appointment of the Bankruptcy Committee to manage the procedure.
D.
The suspension of the debtor’s authority and the appointment of the trustee to manage operations during financial reorganization proceedings.
