The collection of debt is a highly complex matter for attorneys in Dubai. The solicitors try their best to collect the debt. The collection of debt is done by hiring a debt collector. Debt collectors usually work for debt recovery companies.
It is the responsibility of a debt collector to recover overdue debts. A debt collector is a professional lawyer committed to setting up such collections that have a standard of integrity. They also keep in mind to maintain the highest standards of keeping intact the confidentiality of their clients.
Debt recovering companies pursue a wide variety of debt collections. This includes:
There are other debt collections, too, for which the debt collection companies hire a debt collector. These include:
The debt collection companies are also adept at providing complete legal services in filing criminal cases. They also cater to civil cases. This is done on behalf of their clients to recover money that is not being returned later on.
Debt collection agencies are not only involved in debt collection services. They also conduct a deep background check on the assets and investments of the debtor.
For this purpose, special permission is sought from the courts of U.A.E. A court’s permit allows to assist and increase the likelihood of success for the client.
So, if you are drowning in debts, have a history of bounced cheques and bank debts, and have much difficulty paying monthly installments to the banks, going to a lawyer might be your best option.
Some people are constantly wondering if they will get out of debt with their current income and are struggling to have a debt-free life. Debt recovery companies are there to make your life easy for you.
A debt collector will be your constant guide in relieving yourself of all the burden of debts. Attorneys also help in maintaining a healthy and cordial relation with the creditors.
A debt collection agency specializes in providing solutions to people who are struggling with their debts. Their services are inclusive of:
If you are free from debts, that means you are living a happy and peaceful life. Getting in contact with a debt collection agency will help you with your troubles and all the debt-related matters.
One can save themselves by:
Negotiating solutions that are suitable for your budget and needs
A debt collector will make sure that a debtor pays due money to the client. Sometimes, the debtor is in a challenging situation where they cannot pay back the cash timely.
There is a constant fear of consequences where the debtor feels he will not be able to pay the same amount timely. That is why he considers it better to delay the payments. For this very reason, agencies are involved so that the debtor and the lender can share their problems by coming to the same platform and making amends with one another,
When such an arrangement is made, it relieves the debtor from paying an amount timely as now the debtor can voice out his problems in front of the lender.
However, still, debt has to be paid within a time limit; a debt collector strongly advises that all the problems are told to the lender so that a mutual understanding can be attained.
If, however, a debtor chooses to avoid sittings and visits, then strict measures are taken to recollect the money on behalf of the lender. That is why it is essential to involve a debt collector in all proc
When you start your search for lawyers, the Dubai Courts service and the Ministry of Justice have provided easy access to databases of lawyers in the country. Just like any other country, lawyers in Dubai also have their specialties and expertise in varying fields of law. Therefore, finding a lawyer with a specific skill-set and experience to match your case is not a difficult task.
Yes, debt collection agencies in Dubai are legally able to pursue debts that are owed by individuals or companies based in Dubai. These agencies are regulated by the Dubai Department of Economic Development and must adhere to strict guidelines when collecting debts.
There are several options that individuals or companies in Dubai can consider when trying to resolve a debt collection issue, including:
Negotiating a payment plan with the creditor or debt collection agency
Seeking the assistance of a mediator or arbitrator to negotiate a settlement
Filing for bankruptcy or liquidation, if appropriate
Seeking legal advice from a qualified attorney
Yes, under certain circumstances, a debt collection agency in Dubai may be able to seize assets or garnish wages to collect a debt. However, these actions must be taken in accordance with Dubai's laws and regulations, and the creditor or debt collection agency must follow due process in order to do so.
To protect themselves from illegal debt collection practices, individuals or companies in Dubai can:
Keep records of all communication with creditors or debt collection agencies
Be aware of their rights under Dubai's laws and regulations
Seek legal advice if they believe that a creditor or debt collection agency is acting illegally
In general, a debt collection agency in Dubai can only pursue a debt that is owed by a resident or company based in Dubai. However, if the creditor or debtor has assets or a presence in Dubai, it may be possible for the debt collection agency to pursue the debt through legal channels. It is advisable to seek legal advice in such cases.