AMMAN — One of the major commercial centers, a
“
hypermarket", whose branches are spread in several governorates in the
Kingdom, as well as 11 other companies, have submitted an application to
declare insolvency to the relevant court, according to the general controller
of the
Companies Control Department, Wael Al-Armouti.
اضافة اعلان
The companies include a major cement
manufacturing company and firms active in various fields, Jo24 reported.
He added these applications were all approved.
To file for insolvency, companies usually submit a request to the relevant
court, which studies the request and decides to proceed if it conforms to the
provisions of the law.
He said the request to
declare insolvency enables the
company to reorganize its affairs and structure it.
An insolvency agent is appointed to review the debts and
enable the establishment to resume operations or suspend its work.
Read more National news
Jordan News
.jpg)
.jpg)
