This study discussed the topic of the legal system for the management of bankruptcy funds in accordance with the provisions of the Omani Bankruptcy Law No. 35/9109, and this study included an introduction known as the bankruptcy system in terms of its origins, conditions and effects, and also dealt with the definition of people in charge of bankruptcy funds, and then analyzing management procedures Starting with limiting the rights and obligations of a bankrupt debtor, selling the property of a bankrupt debtor, and distributing the amounts obtained from its sale among creditors. It is known that the most important effect of the ruling on declaring bankruptcy is the handcuff the bankrupt debtor's hand in managing and disposing of his money in order to preserve the rights of creditors and prevent him from smuggling and squandering these funds. Therefore, this study sought to determine the fate of the bankrupt's money after he handcuffed his management through knowing the people responsible for managing these funds, and the procedures that ensure good management in four chapters. The first chapter talks about the people who manage bankruptcy money, and the second chapter talks about bankruptcy of funds The bankrupt debtor, the third chapter talks about limiting its obligations, and the last chapter talks about the final business of managing bankruptcy funds. This study summarized that the work of bankruptcy funds is entrusted to the bankruptcy manager and is subject to the supervision of the bankruptcy judge who is delegated by the judges of the court that supervises bankruptcy. This judge appoints a person from among creditors to assist him in the oversight work called by the observer,‌ and‌ that‌ the‌ administration's‌ business‌ begins‌ with‌ an‌ inventory‌ The‌ bankrupt debtor's funds and obligations to know the money involved in the bankruptcy and the money coming out of it, so the money owned by others comes out of the bankruptcy money when these funds meet some conditions, as the money that covers the bankrupt debtor's living needs comes out of the bankruptcy money, and the‌ administration's‌ work‌ ends‌ by‌ selling‌ the‌ bankrupt‌ debtor's‌ property‌ through‌ public auction And the distribution of the amounts collected from it among the creditors whose debts were accepted after its realization