Q: My sister lost her job a few years ago, due to that she suffered a head stroke, resulting in defaulting of payments of her loans to two banks (approximately combined value of 120000 dirhams). She has a case against her (bounced cheques approximately 44000 dirhams) for house rent. She is stuck in the UAE, overstaying illegally and can't travel. She doesn't know what to do, living in fear from the cases against her and can't find a job to try to solve the legal issues. Please she needs help and advice to ease her suffering and solve her legal situation to live without fear knowing that the amounts due are overwhelming and can't be paid at once by her. Is there any solution other than negotiating with the banks and the debtors who insist on her paying the full amounts in one shot to lift the legal cases and the travel ban against her? They offered a slight deduction but due to her situation, she can't pay the amounts.

Q: I took a personal loan from a bank in Dubai, 130000 total. Now, my pending is 99300. I lost my job and now I got another job but salary much less, so some dues came. Now, the bank deposited my guarantee cheque and it bounced. They filed a case against me for cheating the bank. How can I solve this by paying a fine? I am not able to pay now monthly.

Q: I have a loan from a bank and I have changed my job, the bank is holding my end of service. It's been 4 months now and my new salary is transferred to them and I never defaulted on a payment. what to do? Noting that my new salary is higher than the old one but the bank is claiming that my new company is not registered with them and rejecting to release the amounts. P.S. The original loan amount is 550K (including interest) balance amount to be paid is 380 K and my EOS is 195K.

Q: I left the UAE due to the loss of my job and have credit card payments overdue. However, I found a new job in another country and was in touch with the bank to restructure my credit. Due to the big monthly installments offer from the bank side, we couldn't reach an agreement. Now the bank is emailing me and threatening to take legal action against me in my current residence country. Is it possible I may face legal problems in my current country if I don't agree to the bank's terms? Thank you

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.