Q: I live in the UK and have AED 60,000 of debt in the UAE from when I lived there 2 years ago. I receive letters all the time from a debt collection agency in the UK and today I received an email from the bank entitled 'Amnesty Offer' (although I'm not sure what that means) I have no assets and no regular income, therefore, they can't get anything out of me at the moment. However, I would very much like to get this sorted, perhaps by paying off a fraction of the outstanding amount as a lump sum to settle the debt. I would like to know if I can sue my previous employer as they are the reason I had to leave Dubai, and the reason I ended up jobless. They headhunted me, offered me a job in their company but then refused to issue me with a visa. They also gave me a fake employment contract. I planned to stay in Dubai my whole life, but their actions meant I had to return home, with no job and no money. It is grossly unfair and I would like compensation.

Q: Good Day. I'm Johny Vivek Micheal. I was working in the UAE from September 2014, and unfortunately, I have been terminated by the company and I have dues for the RAK bank. Regarding those payments, I'm paying my monthly dues even though I was threatened by an agency from India that I have to pay my full amount or else they will go for a legal action. What should I do?

Q: I left the UAE in October 2015 and forgot to cancel my credit card. In April 2016, using my login I wrote to the bank to close the card since I had no outstanding amounts at the time of leaving the UAE or requesting the closure, . ADIB didn't cancel the card and levied the annual charge in November 2016. In Sep 2017 I received an email from trust DC stating that they are the legal advisor of ADIB and I owe ADIB AED 1003. At the time of renewal, I didn't have a valid visa and Emirates ID. Now, ADIB is putting the onus on me and asking me to pay. They are not responding to emails and I cant call them as I am in India. Please advise regarding the forward path.

Q: Hi, I have an outstanding loan of 150,000 in Dubai but I am no longer working in Dubai and currently looking for a job in my home country. My intention is to pay the installment amount in a timely manner but I want the bank to decrease the interest charges. Is it possible for the bank to do so?

Q: My husband has a case for a loan in Dubai with an amount of 1 million. He had a travel ban also. How can we settle it? The bank does not agree to settle it in a reasonable amount. We can't afford such an amount. What will we do?

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.

In the UAE, cheque bounce is a very frequent problem faced by people during their span in the country. It is covered under the purview of Commercial Transactions Law, and legal implications/penalties can be financially severe and daunting for more “serious” offenses. Bounced cheque issues may arise in a variety of commercial transactions, including but not limited to, companies’ exchanges, bank loans, property rents or purchases, and individual transactions.

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.