New Jordanian Law Allows Debtors to Avoid Insolvency Through Reorganization Plan.
The article discusses how the preliminary stage of insolvency proceedings in Jordan helps debtors reorganize their businesses to avoid insolvency. By creating a plan approved by creditors and the court, debtors can protect their income and ensure creditors receive their payments. The study emphasizes the importance of insolvency law in safeguarding debtor rights, creditor rights, and national income.