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Dubai, UAE

Termination of property SPA after defaulting on instalments

Hello,

I am a Canadian citizen, currently living in Canada, who was previously working in Dubai.

I own two properties that have both substantially depreciated from when I bought them, and unfortunately, the money I make here comes nowhere near the amount I need to pay back in Dubai per month.

I have debt collectors threatening my family and me, and I want to make it all go away. I am asking if there are any steps I can take to solve this issue, such as declaring bankruptcy.

Honestly, I cannot afford much and just want to live in peace. I am willing to give up both my properties, take in loss so far and just start fresh.

I apologize for not giving any names, and I have been on the blunt end of many scammers in the UAE and people threatening my family, so I would rather keep things anonymous for a while till I feel safe.

MIO Law Firm (Abu Baker Salem Advocates & Legal Consultants)
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26 Jul 2020, 07:42

Hello,

We understand your situation and there are certain legal ways whereby you can file a certain application and get the relief. After filing the application, we can move to solve your problem.

However, a detailed discussion can be held once you contact us and then we can solve the problem legally. You have to take authentic legal help in order to have a solution.

Please call us or email us for detail and confidential discussion.

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