Q: Dear Ma'am, I have an outstanding loan (amount: 25k) for a bank but unfortunately, I have lost my job last April 2019, but now I want to settle it. So what is the minimum amount I should pay to avoid any future consequences? Thank you! Best Regards, R.

Q: 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.

Q: In Jan 2020, due to my personal issue, I had to go back to my country. When I left Dubai, I still had an outstanding personal loan of 125K, but the bank already deducted 49K from my gratuity money. According to the bank, I still have 73K, but I'm unable to pay my instalment since I don't have any job or income source. I'm planning to go back to Dubai ASAP to find a job, but I also understand I will face a travel ban, and they will catch me once I enter the country. I would like to settle the outstanding if I have money, could someone advise me. Many thanks

س: السلام عليكم، لدي قرض بأحد البنوك في الدولة منذ أكثر من 7 سنوات. تعسرت في دفع الأقساط لمدة 5 أشهر بسبب إنهاء خدماتي من الشركة التي كنت أعمل بها. تقدم البنك بدعوى في التنفيذ ومُنعت من السفر اليوم، ولكن لم يتصل بي أحد من محكمة دبي. ما المطلوب جزاكم الله خيرًا؟ وهل يمكن أن أطلب من قاضي التنفيذ إعطائي مهلة لإعادة هيكلة القرض؟

The management of individual financial affairs is crucial and all the actions must be weighed down while committing to any financial liability. Whether it's job loss that may have lead to financial failure or the opposite, one must be aware of the personal liability which will not diminish by paying fines for cheque bounce cases. There are two major types of liabilities, criminal liability and civil liability. Each has its own significance, hence, must be dealt with accordingly.

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.

This Law promulgates the Federal Penal Code (Criminal Law) of the United Arab Emirates. Crimes and chastisement punishments shall be determined in accordance with the provisions of this Law and other penal codes.