Insolvency Trustee Licence Application
This service is available to those seeking a licence to practise as an insolvency trustee.
Who can use this service
Applicants who have passed the insolvency trustee licensing examination
Before using this service
Requirements
- Where the applicant is a natural person:
- Must be a Jordanian national.
- Must have attained the age of thirty (30) by the date of submitting the application.
- Must hold a university degree in Economics, Business Administration, Law, Accounting, or Engineering, and have at least five (5) years of practical experience in their field.
- Must not have been convicted of a felony or a misdemeanour involving a breach of honour, public morals, or public ethics.
- Must complete the training course in accordance with the terms and requirements determined by the Committee.
- Must pass the prescribed licensing examination.
- Must provide the civil liability guarantees stipulated in Article (56) of the Law and these Regulations.
- Where the applicant is a legal person:
- Must be registered as a civil company owned by two or more persons who meet the requirements stipulated in paragraph (a) of this Article, provided that the company submits the guarantees stipulated in item (8) thereof.
- The company must employ at least two insolvency practitioners who are licensed natural persons.
- An insolvency practitioner’s license shall be revoked by a decision of the Committee if the practitioner ceases to meet any of the licensing requirements. The competent authority shall be notified of the revocation so that it may be circulated to the courts.
- The license shall be valid for two (2) years from the date the insolvency practitioner is registered in the Insolvency Practitioners Register.
Documents and supporting information
License application in accordance with the prescribed form.
Civil liability guarantees.
A valid certificate of good conduct.
A certificate confirming completion of the training course qualifying applicants for insolvency practitioner licensing.
Notification confirming that the applicant has passed the examination qualifying applicants for insolvency practitioner licensing.
Steps to complete
Review the steps below to understand where each part of the certificate or extract request process is completed.
Submit the licence application with the necessary documents attached
- The licence application is submitted to the Unit using the form approved by the Committee, signed by the applicant or, where the applicant is a legal person, by its authorized signatory.
- The applicant attaches to the application the documents proving that they meet the licensing conditions set out in the Law and the Regulation.
Pay the fees
- Payment of Licensing Fees
The natural person takes the oath before the Committee
The natural person takes the oath before the Committee, and the insolvency trustee is then entered in the Register of Insolvency Trustees maintained for this purpose at the Unit.
Fees and processing time
Service fees
- JOD 500
Processing time
- According to the date set for the meeting of the Insolvency Trustees Committee.
What you receive
- Issuance of the Insolvency Practitioner License Certificate and Identification Card.
- Addressing the President of the Judicial Council, who is also the President of the Court of Cassation, to provide an updated list of persons licensed to practice as insolvency practitioners.
