Collection of debts
The concept of debt collection:
Debt collection is the process through which the recovery of financial dues from debtors who have exceeded their payment deadlines or have become unable to fulfill their outstanding debts is carried out. This process can be carried out by the creditor themselves or through their contract with a specialized entity such as debt collection companies, which undertake the task of recovering funds on their behalf in cases of delay.
The importance of debt collection lies in ensuring the continuity of commercial activity for individuals and companies, as it also contributes to the organization of financial relationships and reduces the problems arising from unpaid debts.
Juma Al Naqbi Advocates Legal Consultants is characterized by extensive experience in debt collection. We rely on effective legal procedures that includes:
Judicial Report: Representation of clients before the courts and submission of documents and the necessary legal support.
Documenting Information: Recording all data and updates to ensure precise legal decisions.
Providing Payment Options: Submitting flexible repayment plans that ensure the rights of the creditor and take into account the circumstances of the debtor.
Communication with Creditors: Direct negotiations to explain details of the debt and to provide amicable solutions that avoid litigation.
Management of Complex Cases: Dealing with difficult debts professionally through negotiation and deep legal analysis.
Evaluation of the Status of Debts: Analysis of the financial capacity of the debtor and providing strategic consultations for the creditor.
Why choose Juma Al Naqbi Advocates & Legal Consultants to recover debts?
Represents Juma Al Naqbi Advocates & Legal Consultants is an ideal choice for debt collection for the following reasons:
Proven Track Record: Tangible achievements in debt recovery reflect the efficiency of the office and the trust of the clients in it.
Compliance with the Laws: Full compliance with local and international laws to ensure legal and ethical compliance.
Experience and Competence: A professional team efficiently handles various types of debts and ensures the swift and professional recovery of funds.
Transparency and Accountability: Providing clear information regarding costs and procedures, in compliance with legal integrity.
Specialization and Human Interaction: Legal expertise specialized in respect for both parties, which facilitates reaching amicable settlements.
