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Which option is better in the UAE: bankruptcy or liquidation?

In the UAE, a company in financial difficulties should go for bankruptcy or liquidation?

What is the cheaper and faster option provided the owner is a manager and partner in the company?

Aceptive Legal Consultants
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30 Apr 2020, 09:25

Dear questioner,

Knowing the fact that bankruptcy takes a longer time and there are chances of the case being rejected, therefore liquidation is a better option.

If need be, kindly contact us by phone for a detailed discussion or write to us at our email for further assistance.

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Dar Al Haqooq Legal Consultancy
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30 Apr 2020, 19:45

Dear Client,

Thanks for your query.

I hope you are fine.

You can apply for bankruptcy as a legal case in the court subject to the approval of the judge. Liquidation of the company is a better option for you.

For further information, you can write an email to us or call on Whatsapp. We have a good team of local Emirati lawyers to handle all kinds of cases.

I am happy to help you. You can fix a personal meeting at our office.

Thanks and regards

Abdul Wahied

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