Legal qualification and legal scope of the insolvency agent’s liability (According to the Jordanian Legislation)

Abstract

This research examines the Civilian accountability of the insolvency agent, standing on the hard ground which the agent will go throughout all the stages of Insolvency. The stages of Insolvency form the foundation for the General and personal quest of helping the insolvent debtor, the creditors, and the people related to Insolvency.

Also, the study points to the ground rules of the civilian accountability of the insolvency agent and the status of this accountability, the short responsibility caused by. The agent is obligated to exercise the care of an ordinary person while exercising their duties under the provisions of Jordanian legislation. Accordingly, the study reaches a set of results and recommendations, the most prominent of which was the need to indicate a type of commitment to the Insolvency agent; this is because there is a task that is required of the insolvency agent.

An important fact also requires the insolvency agent to exercise the prudent man’s right. Accordingly, we find that is because some tasks require the insolvency agent to achieve a result. Some tasks require exercising the care of a prudent man. Accordingly, the usual man’s care cannot be applied to all the tasks entrusted to the insolvency agent. Because of this, an essential role in establishing the responsibility of the agent Insolvency.