Dealing with debt collectors and debt collection situations, whether it is in Dubai or somewhere else, might make you anxious. Everybody has been there! It’s important to take a deep breath, remain composed, and act sensibly. 

It’s essential to have the appropriate information when managing debt collection Dubai. Decree-Law №9 of 2016 on Bankruptcy and Decree-Law №32 of 2020 regarding Commercial Transactions are two examples of the particular laws that the UAE has in place to ensure justice.

Yet, legal jargon can be confusing. That’s when having some professionals on your side can come through for the win, and we at Khairallah have the best debt collection attorneys.

Read more about: when do you need to hire a debt collection attorney

Now, let’s break down the essentials when it comes to dealing with debt collectros in UAE.

Understanding Debt Collection Dubai: What Rules Apply in the UAE 

When it comes to handling debt collectors in UAE, there are a few fairly stringent rules. It is against the rules for them to bother you, threaten you, or intimidate you.

Thats why we always advice clients to keep track of everything that goes on and don’t be afraid to tell the appropriate people if you ever feel like they’re going too far. 

The Latest Law on Debt Collection Dubai: what to know

The United Arab Emirates introduced Federal Decree-Law No. 9, a new law, back in 2016. It functions as a kind of manual for businesses to resolve their financial issues, such as restructuring or wrapping things up. 

The nice thing about this law is that it takes care of those annoying debt collection issues. In order to maintain fairness, it enables businesses to communicate with their creditors, work out a plan, and even involve the courts. This is significant, particularly in the context of debt collection UAE.

Learn more about: Debt collection services in UAE that helps your business 

Understanding Debt Recovery Laws in the UAE

You can’t wait to get to know everyone and work your way through this process. Envision it as venturing into unknown terrain, where you are in search of understanding regarding how things develop. That’s why whether you’re the one being owed or the one who is being owed, some simple rules in the UAE apply to everyone. They resemble a road map for organizing that money.

Let’s now talk about debt recovery in UAE. It is basically based on two laws. One of them serves as this guide for how business is conducted in the area and is Federal Law No. 18 of 1993.

It explores every aspect, from ordinary transactions to the finer points of recovering debts. These laws thus turn into your reliable allies, assisting you as you make your way through this world of debt.

How to Terminate a Debt Contract in UAE: Procedures and Guidance for Debt Collection Dubai

Back in the days before we had the barter system, people used to trade services and goods. But things got tricky when there wasn’t anything ready to swap right away.

This led to situations where someone couldn’t come through on their promises. And that’s when the whole concept of debt recovery came into play. 

Nowadays, the legal process for getting back what’s owed is all sorted out. Most money matters get settled in court, with judgments and enforcement, and sometimes bailiffs stepping in towards the end. The UAE Courts have done a solid job evolving to handle all sorts of money claims.

Know more about: The Debt Collection Process in UAE

When Is the Right Time to Get in Touch with My Debt Lawyer in the UAE?

Managing debts includes taking care of past-due business invoices, personal obligations, and sums owed for cheques that bounce. 

The amounts raised can range greatly, from several thousand to millions or even multiples of millions.

At our Dubai law firm, we’ve got a dedicated team of specialized attorneys, specifically skilled in the domain of debt collection. 

They take care of every aspect of the collection process, working towards recovery through negotiations, resolution, mediation, or legal proceedings. Our team of debt collection lawyers in Dubai crafts a personalized recovery plan tailored to your unique situation. We meticulously examine procedures and explore various avenues to come up with effective solutions for all cases and judgments.

Whether you require debt collection and settlement attorneys in Dubai, Abu Dhabi, or any other UAE emirate, our seasoned legal practice is prepared to offer the necessary legal services in Dubai. 

Our goal, at Khairallah, is to successfully retrieve money while making sure that your best interests are safeguarded. By using a variety of strategies, including mediation and negotiations, our debt collection and settlement services guarantee the outstanding recovery of business debts across the emirates. Please contact us right now if you need professional legal advice.

Know more about: What are the rights of Debt collectors?

Legal Options Against Debt Collector Harassment in UAE: Can You Sue for Debt Collection Dubai?

If you find yourself in a situation where you need to file a complaint against a debt collector in UAE, here are the steps and procedures that you should follow:

Gather Information

• Collect details about the debt collection agency, contact person, phone number, and address.
• Document all communication with the debt collector.

Contact the Debt Collection Agency

• Attempt to resolve the issue by directly communicating with the debt collection agency in UAE, like Khariallah Advocates.
• Keep records of conversations, including dates, names, and discussed matters.

Consumer Protection Department

• If unresolved, contact the Consumer Protection Department responsible for safeguarding consumer rights in the UAE. 

Contacting Consumer Protection

• Reach out via phone, email, or visit their offices.
• Provide detailed information about the debt collection agency, nature of the complaint, and any supporting evidence.

Formal Complaint Filing

• Submit a formal complaint to the Consumer Protection Department through online platforms, email, or in-person visits.
• Include relevant details such as the debt collection agency’s name, nature of the complaint, and any supporting documentation.

Follow-Up

• Regularly check with the Consumer Protection Department for updates on the complaint status.
• Be prepared to provide additional information or evidence as necessary.

Regulatory Compliance

• Emphasize that debt collection in the UAE is regulated by the Central Bank, and debt collectors must adhere to strict guidelines.
• Violations can result in fines or license revocation for the debt collector.

Conclusion

It is best to contact a lawyer if you are experiencing stress due to debt issues, harassment, or any other issues. Talk to them about your worries so that you can resolve the issue properly. As one of the best lawyers in Dubai, we at Khairallah Law Firm are here to assist you.

Send us an email for further details. Our goal is to simplify things for you. Reach out to us right now, and together, let’s resolve this.