Questions & Answers
Questions & Answers
3 available 3 • View allHow can I file for private insolvency in Abu Dhabi?




1
Q: Hello,
How can I file for private insolvency in Abu Dhabi?





Mar 6, 2025
145
Where do I file for insolvency as an individual and for bankruptcy as a company?

1
Q: Dear Sir/Madam,
Where do I file for insolvency as an individual under the Insolvency Act, and where do I file for bankruptcy as a company? Please provide specific locations.
What happens if I don’t have any money to pay anything? Do I go to jail after filing for any of these if there is no way I can pay the debt even after liquidation?


May 23, 2024
207
What legal action can the bank take in the UAE in case of loan default due to job loss?

0
Q: My friend has a loan of AED 300,000 with a security cheque of 500k and lost his job 12 months ago. He managed to pay for the first 6 months but has missed payments for the last 5 months, amounting to 50k++, except for AED 1,000 paid last month.
Today, the bank gave him a 13-day notice to pay at least one installment or face legal action and possible detention. He is still unemployed and unable to continue regular payments, even if he pays this month.
We need legal advice on:
1) What legal action can the bank take in the UAE in case of loan default due to job loss?
2) Whether detention is possible, especially if a security cheque was involved;
3) Available legal protections, such as restructuring, mediation, or bankruptcy;
4) How to avoid legal escalation while he is unemployed.
Please advise urgently on possible options and next steps to avoid arrest or further consequences.
Thank you.


Jul 7, 2025
114
Legal blog
3 available 3 • View allFiling for Bankruptcy and Insolvency in the UAE: What You Need to Know 9
Dealing with financial difficulties can be overwhelming, but the UAE provides a comprehensive legal framework to manage bankruptcy and insolvency in a way that benefits both debtors and creditors. Understanding these laws and how they work can make a huge difference in navigating the process successfully.
Nov 12, 2024
641
Bankruptcy Law and Personal Insolvency Law 10
This article will briefly explain about the Personal Insolvency Law of 2019 and Bankruptcy Law of 2016 in the UAE. Previously, there was only the Bankruptcy Law that was available for the commercial companies, merchants, traders, and similar persons who were suffering from the financial crisis but now individuals have such options available as well especially considering the effects of COVID-19. Both laws were issued to assist distressed persons and entities by offering them settlement options.
Oct 1, 2020
5106
The Legal Alternatives of Bankruptcy in the UAE Legislation 1
The UAE continues to strive to modernize its laws and create more flexibility in meeting the needs and requirements of investors and businessmen and elevate its economy to the highest levels of growth and development.
Apr 9, 2019
2599
Laws & Regulations
2 available 2 • View allFederal Decree-Law No. (51) of 2023 Promulgating the Financial Restructuring and Bankruptcy Law 0
The provisions of this Federal Decree-Law No. (51) of 2023 Promulgating the Financial Restructuring and Bankruptcy Law, known as the "Bankruptcy Law" governs Financial Restructuring and Bankruptcy regulations in the United Arab Emirates
Oct 2, 2023
214
Federal Decree-Law No. (50) of 2022 Issuing the Commercial Transactions Law 1
The provisions of this Federal Decree-Law No. (50) of 2022 Issuing the Commercial Transactions Law, known as the "New Commercial Code" governs commercial transactions in the United Arab Emirates. The New Commercial Code repeals the previous UAE Federal Law No. (18) of 1993 Issuing the Commercial Transactions Law.
Oct 3, 2022
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If someone files a criminal police report against me in Dubai, does it mean that it will immediately affect my PCC? 0
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I have a rental dispute judgment against me to vacate, but the landlord is not fullfilling his obligations. What to do? 0
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