Uttamchandani, Mahesh2012-03-192012-03-192011-03-01https://hdl.handle.net/10986/3375This paper provides a comparative summary of the payout phase of insolvency systems in the MENA Region. Countries in the region generally have weaker restructuring and liquidation systems than those in most other regions. The paper summarizes many of the weaknesses common across the region.CC BY 3.0 IGOACCESS FOR DEBTORSADMINISTRATIVE BODIESALTERNATIVE DISPUTE RESOLUTIONASSET STRIPPINGASSET VALUEASSETSAUCTION PROCEDUREAUCTION PROCEDURESBALANCE SHEETBANKRUPTCIESBANKRUPTCYBANKRUPTCY CASEBANKRUPTCY CASESBANKRUPTCY CREDITORSBANKRUPTCY DECLARATIONBANKRUPTCY FILINGBANKRUPTCY FILINGSBANKRUPTCY LAWBANKRUPTCY LAW REFORMBANKRUPTCY LAWSBANKRUPTCY PETITIONBANKRUPTCY PROCEDUREBANKRUPTCY PROCEDURESBANKRUPTCY PROCEEDINGBANKRUPTCY PROCEEDINGSBANKRUPTCY PROCESSBANKRUPTCY REGIMESBANKRUPTCY RELIEFBANKRUPTCY SYSTEMBANKRUPTCY SYSTEMSCASE BACKLOGSCESSATION OF PAYMENTSCIVIL LAWCLAIMCOLLATERALCOLLECTION BY CREDITORSCOLLECTION EFFORTSCOMMENCEMENT OF BANKRUPTCYCOMMERCIAL COURTSCOMMERCIAL INSOLVENCYCOMMERCIAL LAWSCOMMERCIAL TRANSACTIONSCOMPULSORY LIQUIDATIONSCONSEQUENCES OF BANKRUPTCYCORPORATE DEBTORSCORPORATE INSOLVENCYCOURT APPROVALCOURT DECISIONCOURT RESTRUCTURINGCOURT SYSTEMSCREDIT MARKETSCREDITORCREDITOR ACTIONCREDITOR ACTIONSCREDITOR HARASSMENTCREDITOR PRIORITIESCREDITOR PROTECTIONCREDITOR RIGHTSCREDITOR RIGHTS SYSTEMSCREDITORS COMMITTEECREDITORS INTERESTSCREDITORS RIGHTSCRIMINAL LAWDEBTDEBT RESTRUCTURINGDEBTORDEBTOR COMPANYDEBTOR IN BANKRUPTCYDEBTOR MANAGEMENTDEBTOR-CREDITOR SYSTEMSDEBTORSDEBTSDECLARATION OF BANKRUPTCYDISPOSAL OF ASSETSDISPOSITION OF ASSETSDISSENTING CREDITORSDISTRESSED COMPANIESDISTRIBUTION TO CREDITORSEFFECTIVE BANKRUPTCYEFFECTIVE INSOLVENCYEFFICIENT INSOLVENCYEFFICIENT LIQUIDATIONEMPLOYEE PAYMENTSEMPLOYEE WAGESEQUITY SWAPSESTATEEXIT MECHANISMSFILING DATEFINANCIAL CRISESFINANCIAL DISTRESSFINANCIAL INFORMATIONFINANCIAL TROUBLESFORMAL INSOLVENCYFRAUDFRAUDULENT CONVEYANCESFRAUDULENT TRANSFERSGENERAL CREDITORSGOING CONCERNGUARANTEE PAYMENTINDEPENDENT INSOLVENCY REPRESENTATIVEINDIVIDUAL CREDITORINSOLVENCY ADMINISTRATORINSOLVENCY ADMINISTRATORSINSOLVENCY AREAINSOLVENCY CASEINSOLVENCY FILINGINSOLVENCY FILINGSINSOLVENCY LAWSINSOLVENCY PRACTITIONERSINSOLVENCY PROCEDUREINSOLVENCY PROCEDURESINSOLVENCY PROCEEDINGINSOLVENCY PROCEEDINGSINSOLVENCY PROCESSINSOLVENCY REFORMINSOLVENCY REGIMEINSOLVENCY REGIMESINSOLVENCY SYSTEMINSOLVENCY SYSTEMSINSOLVENTINSTITUTIONAL INFRASTRUCTUREINSUFFICIENT FUNDINVESTMENT CLIMATEJUDGEJUDGESJUDICIARYJURISDICTIONJURISDICTIONSLAST RESORTLEGAL PROTECTIONSLEGAL SYSTEMSLEGISLATIVE GUIDE ON INSOLVENCY LAWLENDERSLIMITED LIABILITYLIQUIDATIONLIQUIDATION COSTSLIQUIDATION PROCEDURELIQUIDATION PROCEDURESLIQUIDATION PROCESSLIQUIDATION SYSTEMSLIQUIDATORLIQUIDATORSLOSS OF ASSETMAJOR CREDITORSMAJORITY OF CREDITORSMULTIPLE CREDITORSNEGOTIABLE INSTRUMENTSNEGOTIATIONNEGOTIATIONSNEGOTIATIONS BETWEEN DEBTOROPERATION OF INSOLVENCY LAWORDINARY CREDITOROUT OF COURT WORKOUTSOUT-OF-COURT WORKOUTSPENALTIESPENALTYPOST-PETITION FINANCINGPOTENTIAL INSOLVENCYPRINCIPLES OF BANKRUPTCYPRIOR TO INSOLVENCYPRIORITIES OF CLAIMSPRIORITY OF CREDITORSPRIORITY RIGHTSPRIVILEGED CREDITORSPUBLIC FUNDSRECOVERY RATERECOVERY RATESRELIEF FROM CREDITORREMEDIESREORGANIZATIONREORGANIZATION LAWREORGANIZATION PLANREORGANIZATION PROCEDUREREORGANIZATION PROCEDURESREORGANIZATION PROCEEDINGREORGANIZATION PROCESSREORGANIZATION PROCESSESREORGANIZATIONSREPAYMENTRESTRUCTURING OF DEBTRETURN ON ASSETSRIGHTS OF CREDITORSSECURITY DEPOSITSETTLEMENTSETTLEMENT PROCEDURESSMALL BUSINESSESSTAY ON CREDITORTRADE CREDITTRADE DEBTSTRANSACTIONS LAWTRUSTEEUNAUTHORIZED DISPOSITIONUNJUSTIFIED BANKRUPTCYUNSECURED CREDITORSUSE OF BANKRUPTCYVALUABLE ASSETSVALUE OF ASSETWINDING UPWORKOUTS“No Way Out” : The Lack of Efficient Insolvency Regimes in the MENA RegionWorld Bank10.1596/1813-9450-5609