Matters of insolvency
Federal Decree-Law No.(19) For a year 2019 Regarding insolvency according to the latest amendments to Cabinet Resolution No. (47) For a year 2021
Civil Insolvency: Legal Solution for Financial Crises
We believe that bankruptcy is not the end of the debtor's struggles, but rather an opportunity to restore financial balance and avoid legal actions that may negatively impact the debtor's life and their family. Therefore, we at Juma Al Naqbi Advocates & Legal Consultants are working to provide comprehensive legal support to assist our clients in dealing with insolvency cases, whether they are individuals or companies, in a manner that complies with the requirements of the insolvency law in the United Arab Emirates.
The legal framework for civil insolvency in the United Arab Emirates
This law is an important step towards providing more organized financial protection for individuals and companies facing financial difficulties, allowing them to restructure their debts instead of resorting to immediate bankruptcy. As well as contributing to the protection of individuals from severe legal measures such as imprisonment due to inability to pay debts, it also works to suspend legal actions against creditors during the restructuring period.
Juma Al Naqbi Advocates & Legal Consultants services in civil insolvency cases
Judicial Support
Legal representation during the course of litigation to protect the debtor from enforcement procedures.
Negotiation with Creditors
We represent the debtor in negotiations to reach amicable settlements that protect him from legal attachments.Filing A Request for Settlement
We prepare and submit requests for civil insolvency to the competent court and follow up on the procedures to ensure the speed of execution.
Asset Distribution Management
The distribution of assets in a fair manner that guarantees the rights of all parties involved.
Financial and Legal Situation Analysis
Comprehensive assessment of debts and legal obligations to submit a complete file that reflects the actual situation of the debtor.
Why choose Juma Al Naqbi Advocates & Legal Consultants to handle civil insolvency cases?
- Speed of Achievement
We are committed to providing prompt and effective legal services that assist our clients in overcoming financial crises with minimal damage.
- Human and Practical Interaction
We recognize that issues of civil insolvency are not limited to legal aspects alone, but also encompass the psychological and social dimensions of the debtor. Therefore, we approach each case with an understanding of its human context.
- Commitment to Distinction and Quality
We provide professional and precise legal services to ensure the best outcomes for our clients.
- Comprehensive Understanding of Local Laws
Our team has a complete understanding of all laws related to civil insolvency in the Emirates, and provides modern and effective legal consultations.
Summary
In the office of Juma Al Naqbi Advocates & Legal Consultants, we leverage our extensive legal expertise to serve our clients in effectively managing civil insolvency cases while safeguarding their rights and providing optimal solutions that enable them to restore their financial balance and return to normal economic life..
We are here to support you at every step of the insolvency process, starting from submitting applications, negotiating with creditors, and reaching a protection of your legal interests at all stages of litigation..