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How much time does the bank give if I opt for a one-time settlement to clear the debts?

How much time does the bank give if I opt for a one-time settlement to clear the debts?

The bank has already filed the execution and the arrest warrant has already been issued.

Thanks

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Dar Al Haqooq Legal Consultancy
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11 Sep 2023, 05:10

Dear Client,

Thanks for your question, I hope you are doing well. I will definitely assist you with this matter.

The timeline for a one-time settlement (OTS) with a bank in the UAE after an execution has been filed and an arrest warrant issued can vary widely.

It depends on negotiations with the bank, the debt amount, and other factors. You should work closely with the bank and potentially, a legal counsel to expedite the process.

For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.

We will definitely be happy to help you.

Thanks & Regards

ABDUL WAHIED

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Alawi Aljaberi Advocates & Legal Consultants
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11 Sep 2023, 05:19

You have to negotiate with the bank.

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Amiri Advocates & Legal Consultants
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11 Sep 2023, 07:39

It depends on the bank's policy.

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KHE Legal Consultancy
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11 Sep 2023, 12:24

It's up to the policy that the bank follows. You may request them for more duration. Or you can hire a lawyer to negotiate with the bank and reach a settlement.

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