Questions & Answers
I lost my job and left the UAE where I can no longer pay my bank loan. Can I come back?
I have a bank loan and due to the loss of my job, I was unable to pay and currently out of the UAE.
I have a few questions if someone please would be kind enough to guide me on them:
"The bank has not filed the case yet".
1. The bank is asking me to pay the minimum 10% of the outstanding, I wish to know if this is a legal requirement or if I can pay any amount as a down payment in court.
2. Since has not filed the case my rating is bad on AECB, so will the police arrest me based on my rating, or does the case has to be filed first?
3. If I am arrested, will I be presented before the judge and can I offer to start paying installments or do I have to pay the downpayment?
Kindly, do guide me on these and if I can get a good attorney so that I can hire the attorney to help me settle things with the bank.
Hi Sir,
We can provide you with the services.
Since no case has been registered, there will be no issue of a travel ban on you.
Further, There will be some possibility to negotiate with the bank before taking this to court.
In order to go further with this case, there is more information to be provided.
We can provide you with a legal consultation session with our expert lawyer at a charge of 100$.
1) Negotiation between the creditor and the debtor is something that concerns them and does not concern the law.
2) A case must be filed, and a judgment or decision must be issued by the judge apprehending the debtor.
3) The answer is in No 2.
As for lawyers, there are a lot of them.
