Debt Recovery
The debt collection process could be veritably grueling for lenders in UAE. It’s because there are no technical courts for fiscal action and the debt collection counsel has to represent the case in the civil courts. The UAE law is developing itself towards excellence in enforcing marketable laws but getting into legal procedures isn’t important favored for debt collection. This isn’t just in UAE but everyplace differently that the lender will look for a way or follow an out-of- court procedure to recover their debt. This is utmost of the time nippy, hastily, more responsive in terms of debt collection and costs lower compared to the costs incurred in a legal process for the same.
Mohammed Al Kheyaili act as a facilitator not only for the customer but for the debtor as well. Every debtor isn’t the same, there will be numerous people who understand their arrears towards the lender and seeking hard to pay back their debts. It’s the circumstances that occasionally aren’t favorable for them and with a little support they can start paying back. We also act as an adjudicator and middleman between the lender and the debtor to recover the debts. If the debtor seems careless to respond to the debt collection sweats made by our collection agents or makes commitments and breaches them again to buy further time also we take alternate debt collection ways.
We shoot them a listed legal demand notice on behalf of the lender to pay back the debts. However, also a case is filed in court and legal ways are executed, If the debtor fails to respond indeed after this.
For any of your copyright-related matters, please book a Free 30 Minutes Appointment and our legal consultants will be glad to assist you.