DESTINATION OF NEW IRAQI LEGISLATION IN BANKRUPTCY

HABEEB. JAHLOL, DR.AMMAR.

doi:10.37651/aujlps.2013.67527

	DESTINATION OF NEW IRAQI LEGISLATION IN BANKRUPTCY
Journal of Anbar University for Law and Political Sciences
Article 3, Volume 4, Issue 1, 2013, Pages 65-91 PDF (216.46 K)
DOI: 10.37651/aujlps.2013.67527
Author
DR.AMMAR. HABEEB. JAHLOL
Abstract
That a review of the financial crises of all aspects of the long continued had emerged with an important result, changed to a large extent to understand the legal system of the bankruptcy and changed from the point of its objectives, as they are mainly based on the idea of separation between the merchant and commercial activity (), so that made the bankruptcy regime that seeks for the protection of commercial activity in general, balance between conflicting interests, protect the rights of creditors and preserve the debtor's right to direct the business again or continue to work activity stalled, with the bankruptcy and realistic, it is not publicity just to stop payment of a debt, but should the evidence the collapse of the financial position of the dealer you want to go bankrupt. With this new understanding of the very philosophy of bankruptcy, it has abandoned many of the world systems of bankruptcy where traditional to the other systems take into account the ideas above, has been made, in most cases, subsequent to the major crises caused by the bankruptcy companies with a significant economic On this basis, the legislation came in the new Iraqi Bmslk bankruptcy rate for those with the provisions of the traditional, in keeping with the philosophy of regeneration on the global system of bankruptcy and achieve its goals, which is evident, which came in the reasons.

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