Collecting Overdue Debts in Dubai
- March 2, 2022
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Getting your unpaid bills back seems impossible in Dubai as you have to deal with the language barrier first and then follow the laws. To ease your worries related to debt collection in Dubai, legal entities are helping out people round the clock to assist them in the best possible way.
There are multiple law firms offering the services of collecting overdue debts, unpaid invoices, and recovering bounced cheques on the behalf of the creditor. You can get their services whether you are located in Sharjah, Abu Dhabi, Ajman, or any other area of the UAE.
What is the Debt recovery process in Dubai?
Below mentioned are the most common yet efficient ways followed in Dubai to retrieve the outstanding payments from the creditor under the legal umbrella:
Contact the Debtor
As the name suggests, this step involves contacting the non-paying clients to remind them of the outstanding debts. Debt collection Dubai experts gather all the information about the debtors from the online databases to check their financial conditions and other relevant data.
They will send a demand letter to inform the non-paying clients that they have to pay off the debt as per the specified time period. This communication could be used for devising meetings for the amicable resolution of the issue or calling for legal actions.
In this process, a meeting is held between the creditors and debtors under the supervision of a legal attorney. Both parties are informed beforehand to bring all the supporting documents the claim the money and provide legit proofs that why the debt is still unpaid.
If there is a logical issue then both parties can proceed with the amicable resolution. In this process, there is an agreement between the debtor and creditor for the payment of the debt within a specified time. It is an out-of-court resolution process for debt collection in Dubai cases.
After amicable settlements, the last option is to file a lawsuit against the debtor. The creditor gets the services of a legal representative to claim his money in court. Once the case is filed, the court orders the debtor to clear the invoices as per the judgments otherwise they will face legal liabilities.
Wrapping up the Context
Layers offering debt collection Dubai services could be hired to make the recovery procedure easier and faster. As they know about the rules and regulations of UAE, thus they provide effective consultation and support whenever required.