Q: I have a personal loan with a bank amounting to approx. 180000 (Principal) post deduction from my end of service benefits. I was terminated from work on 10 Sept 2018. Right now I am in India. My first EMI got bounced on Feb 2019. Please help me know what is the maximum punishment by the court in such a case. As of now, I am jobless. If I come to Dubai to search for work, will there be a travel ban to exit from the UAE? How can I extend my stay in Dubai as I will enter the UAE on a  visit visa? Can a settlement be through the insurance company as I was terminated by the company? As of now, there's almost no chance to get any work in the UAE. Hence I am bankrupt. What I can do in such a case? Will I be able to work in the UAE and get a work visa if a case is registered?

Q: Dear Sir, I have one credit card in a UAE bank from 2015. I was paying the minimum instalment every month but for 5 months, my salary is delayed and I wasn't able to pay more. The total outstanding is AED 60000. Please let me know what action can the bank take and give me some soloutions. Thanks.

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

Q: Hello, I lost a case and must pay 42,000 AED. I don't have the money and am unemployed. I tried my best and was able to pay 11,000 AED. The judge is denying all my installment requests. I tried for 9 months, then 8 months, and now 7 months. He denied all of them. I'm really frustrated and don't know what to do. I don't have another way to pay. What should I do? Thank you in advance!

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.

The provisions of this Decree by Law amend the Federal Law No. (18) of 1993 by replacing Clause (4) of Article (379) as well as Articles (600), (617), (641), (642), (643), (644), and adding new articles numbered (635) Bis, (641) Bis (1), (641) Bis (2), (641) Bis (3), (641) Bis (4), (643) Bis (1), (643) Bis (2), (644) Bis (1) and (644) Bis (2). The Decree-Law also repeals Articles (401), (402) and (403) of the Federal Law No. (3) of 1987.