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What is the ruling of preventing a bankrupt person who has outstanding debts from transacting? PDF Print E-mail
Kitabul Hajr[Incapacitate d from transacting ] - Definition

Question 942) - What is the ruling of preventing a bankrupt person who has outstanding debts from transacting?

A: Imaam Abu Hanifa RAH. said, “I do not declare bankrupt persons incapacitated because of debts. For when he is liable to pay the debts he wit simply plead incapacitation. He should therefore not be declared incapacitated".

~ al-Quduri ~