Matters of insolvency
Decree Law No. (19) of 2019 regarding Insolvency, according to the latest amendments by Decision of the Council of Ministers No. (47) of 2021.
Civil Bankruptcy: A Legal Solution for Financial Crises.
We believe that insolvency is not the end of the road, but rather an opportunity to restore financial balance and avoid legal proceedings that may negatively impact the life of the debtor and their family. Therefore, we at Juma Al Naqbi Advocates & Legal Consultants work on providing comprehensive legal support to assist our clients in dealing with insolvency cases, whether they are individuals or companies, in a manner that conforms to the requirements of insolvency law in the United Arab Emirates.
The legal framework for civil insolvency in the United Arab Emirates
This law represents an important step towards providing greater financial protection for individuals and companies facing financial difficulties, allowing them to restructure their debts instead of resorting to immediate bankruptcy. It also contributes to protecting individuals from harsh legal actions such as imprisonment due to the inability to pay debts, and works to halt legal proceedings against debtors during the restructuring period.
Juma Al Naqbi Advocates & Legal Consultants services in civil insolvency cases
Judicial Support
The complete legal representation during the course of the lawsuit to protect the debtor from enforcement measures.
Negotiation with Creditors
We represent the debtor in negotiations to reach amicable settlements to protect them from legal proceedings.Filing A Request for Settlement
We prepare and submit civil insolvency requests to the competent court and follow up on the procedures to ensure the prompt execution.
Asset Distribution Management
The fair distribution of assets ensures the rights of all parties concerned.
Financial and Legal Situation Analysis
Comprehensive assessment of debts and legal obligations to submit a complete file reflecting the actual situation of the debtor.
Why choose Juma Al Naqbi Advocates & Legal Consultants to handle civil insolvency cases?
- Speed of Achievement
We strive to provide quick and effective legal services that assist our clients in overcoming financial crises with minimal damage.
- Human and Practical Interaction
We understand that cases of civil insolvency are not limited to legal aspects only, but also encompass the psychological and social dimensions of the client. Therefore, we address each case with a human understanding.
- Commitment to Distinction and Quality
We offer 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 UAE, and it provides modern and effective legal consultations.
Summary
In the office of Juma Al Naqbi Advocates & Legal Consultants, we utilize our extensive legal expertise to serve our clients in assisting them with the efficient management of civil insolvency cases, while safeguarding their rights and providing optimal solutions that enable them to regain their financial balance and return to their normal economic life.
We are here to support you at every step of the insolvency process, starting from filing the requests, going through negotiations with creditors, and reaching the protection of your legal interests at all stages of litigation.