Sherif Farouk Meabed Mohamed

I've taken a loan for 5 years from a bank in Dubai. I've paid for 2.5 years, then I've lost my job and had to leave the country. Until now I can't find a job. I couldn't pay the loan instalment for 8 months. The bank said that they've already written off the loan and is threatening to file a police case. The remaining loan is AED 340k. All I have now is only 150k. I'm afraid that I pay what I have, then stop paying. And then the bank will file a police report. What should I do? Is it possible to reach a deal with the bank to pay the 150k and they close the case and give me back the cheques? If they're going to file a police case anyway, then it's better that I don't pay the 150k. It'll be a lose-lose situation for me and the bank. I want to hire a lawyer to help me close this issue. And explain to me what are my options and how much will his service cost me.

I've taken a loan for 5 years from a bank in Dubai. I've paid for 2.5 years, then I've lost my job and had to leave the country. Until now I can't find a job. I couldn't pay the loan instalment for 8 months. The bank said that they've already written off the loan and is threatening to file a police case. The remaining loan is AED 340k. All I have now is only 150k. I'm afraid that I pay what I have, then stop paying. And then the bank will file a police report. What should I do? Is it possible to reach a deal with the bank to pay the 150k and they close the case and give me back the cheques? If they're going to file a police case anyway, then it's better that I don't pay the 150k. It'll be a lose-lose situation for me and the bank. I want to hire a lawyer to help me close this issue. And explain to me what are my options and how much will his service cost me.

I've taken a loan for 5 years from a bank in Dubai. I've paid for 2.5 years, then I've lost my job and had to leave the country. Until now I can't find a job. I couldn't pay the loan instalment for 8 months. The bank said that they've already written off the loan and is threatening to file a police case. The remaining loan is AED 340k. All I have now is only 150k. I'm afraid that I pay what I have, then stop paying. And then the bank will file a police report. What should I do? Is it possible to reach a deal with the bank to pay the 150k and they close the case and give me back the cheques? If they're going to file a police case anyway, then it's better that I don't pay the 150k. It'll be a lose-lose situation for me and the bank. I want to hire a lawyer to help me close this issue. And explain to me what are my options and how much will his service cost me.

Dear sir / Madam, We are two partners who started a UAQ Freezone company with a general trading license last year. As per the current market conditions, we are not in a position to carry out any business operations here. We have decided to liquidate the company. We don't have any liabilities. Please advise us of the procedure. Currently, we are in Oman and having a valid UAE investor visa till 2020 Dec. Thank you!