As hard as it can be for you and your business, declaring bankruptcy may just be the opportunity for a fresh and brand new start. So if you’re thinking about filing a claim, make sure the best bankruptcy lawyer in the UAE is representing you.
Bankruptcies are often complex and emotional cases, so we’re here to make things a bit easier for you.
In this article, we’ve compiled everything you need to know about bankruptcy, from FAQs and general information to a list of the best bankruptcy firms to help you out.
When tough times come knocking on your door, having the right legal representation can make all the difference in navigating through and emerging out of bankruptcy proceedings unscathed.
Are You A Good Candidate For Bankruptcy?
Consumer proposals or bankruptcy are two options for people with unpaid debts. A consumer proposal involves paying back your debt at a reduced rate for a few years.
Personal bankruptcy, however, may require you to surrender some of your assets in order to discharge your debts. The benefits of bankruptcy include a fresh start, but there are also a number of negative consequences, such as losing secured assets, staining your financial and credit records, and even preventing you from obtaining a stable job.
In order to approach an insolvency firm, make sure you meet at least the following requirements:
1. Your debt is unsecured.
Make sure that your debt is not guaranteed because bankruptcy can’t really help with guaranteed loans. Unsecured liabilities include credit cards, medical bills and student loans.
2. You don’t have a co-debtor.
Declaring bankruptcy may impact both your credit reports. So, if you have a co-author, make sure you have spoken to him about your decision.
3. You tried consolidating your debts.
This type of financial service allows you to pay down debt with a new plan.
To decide if bankruptcy is your best option, consult legal and financial experts such as a licensed insolvency trustee or the best bankruptcy attorney in the United Arab Emirates.
Now that you know more about bankruptcy, it’s time for our list of top bankruptcy lawyers in the U.A.E. You can make your choice from this list, as we have only listed law firms offering exceptional services and excellent client care.
1.HHS Lawyers And Legal Consultants
An experienced law firm, HHS Lawyers deals with legal matters related to criminal law, tax/VAT law, business and commercial law, family law, and Islamic banking and financial law. The firm’s Senior Associates and Legal Consultants provide expert advice and full client care.
With HHS Lawyers, With HHS Lawyers, customers get a presentation tailored to their specific needs. Ed lawyers thoroughly understand the nature of state laws. They help ensure that every aspect of a case is covered and treated appropriately to protect clients’ interests.
Est’s. In two decades, HHS Lawyers has become a trusted name in the UAE dealing with legal issues.
Customers appreciate the efficiency of HHS Lawyers And Legal Consultants just as these comments will say:
“When purchasing a property in Dubai, there is a great deal of unexpected bureaucracy that is tough to traverse on your own. You don’t really know where to start if you aren’t from an Arab country or speak the language. The property lawyer in Dubai in HHS Lawyers is fluent in English, pleasant to work with, plus it was apparent he was dedicated to ensuring that the procedure runs smoothly. The law firm was present at every stage. The price of their legal service is also fair and reasonable, given all the factors involved. I’m grateful for their support. They come highly recommended, and I will employ their legal services again sometime in the future.”
|+971 4 255 5496
|IBIS Hotel Building Office Entrance 5th Floor, Office No.: 5008 – Al Rigga Rd – Dubai – United Arab Emirates
Chapter 7 bankruptcy
Chapter 11 bankruptcy
2. Khairallah Advocates & Legal Consultants
Khairallah Advocates & Legal Consultants are an internationally recognized law firm based in Dubai and Abu Dhabi and established by Ms. Jouslin Khairallah. Khairallah Advocates & Legal Solutions is your ultimate legal solution in a variety of areas including litigation, criminal litigation, civil and commercial law, company law, establishment and shipping, labor relations.
Dispute resolution, mediation and adjudication services. They provide excellent legal services in a variety of areas with a wealth of expertise and experience at a reasonable price.
Clients appreciate how efficient Khairallah Advocates & Legal Consultants are, just as these reviews will tell you:
“Mr. Abdultaiyab is really a professional lawyer. In Dubai most of the lawyers don’t even entertain before you pay them.
But the khairallah team first understood my issues, gave me their perspective and solutions. After all free consultations and guidance, they gave their quotation which was very nominal. It displays that their main motto is to help and enable justice for people.
I highly recommend them and wish the khairallah team to reach new heights.
All the best”
“The best law firm in Dubai, the most skilled and knowledgeable lawyer and advocates in Dubai. They also have partnerships with the world’s leading legal firms, which is an extra benefit for businesses looking for corporate and commercial law advisors.”
|+971 4 427 0845
|Office # 3504, Level 35 – Churchill Tower – Business Bay – Dubai – United Arab Emirates
|Corporate bankruptcy, Repossession, Debt settlement
3. Al Reyami Advocates & Muhyealdeen International Legal Consultants
The firm has the finest lawyers in Dubai and across the UAE. Al Reyami Advocates and Muhyealdeen International Legal Consultants are a large law firm established since 2001 with more than 50 lawyers in Dubai, Abu Dhabi, United Arab Emirates, Riyadh, Al-Khobar, Istanbul and New York with top international and local advocates – practicing and specializing in the various areas of the legal profession.
Help clients need in property law, criminal defense, banking law, commercial bankruptcy law, labor and employment and full legal litigation and arbitration.
Clients appreciate the effectiveness of Al Reyami Advocates just like these comments will tell you:
“We had a hassle free experience at Al Reyami…all thanks to Miss Riya Koshy for her quick response and action…also their policy of never saying no to a client shows how much they value the ones who knock on their doors. In this world of busy business and next please they definitely stand out for their thoughts and hardwork.”
“To sum up in a few words!!!
If you require legal service related to debt recovery, Al Reyami & Legal Advocates are efficient, reliable, competent, and trustworthy. They came recommended and I have first hand experience as to why they are good.
If you have any debts that are tricky to navigate, do not hesitate, get in touch with them if you have overdue pending debtors to find a quick solution.
|+971 55 954 7308
|Grosvenor Business Tower – Suite 2406 – Barsha Heights – Dubai – United Arab Emirates
4. Al Safar & Partners Advocates & Legal Consultants
Al Safar & Partners Advocates and Legal Consultants are among the top four law firms in Finance, Real Estate, Business Law and Family Law.
Al Safar & Partners Advocates is a Dubai-based law firm with over 42 years of experience in the provision of an exceptional legal server team of experienced lawyers specializing in debt collection, legal representation in the courts of Dubai and the United Arab Emirates, business setup, corporate incorporation, and court cases.
ISO-certified quality standards assure us to maintain the highest level of service. As the leading law firm in Dubai, the mission is to provide innovative legal solutions that help their customers achieve their goals. Contact us for legal guidance and representation.
We’d like to share some feedback from clients of Al Safar & Partners Advocates & Legal Consultants.
“I have worked with Mr. Emara from the team on a daily basis. The level of commitment, calls and attention for details were impeccable! The team at the Safar makes sure that they represent me as I am a family member not a client.
I was very happy with them and definitely will seek their support again!”
“Not easy to get the professional and the personal touch to be close to the client all in one. Adding to that, the willingness and devotion to get the case won. That is what I saw in my experience dealing with Dr. Ahmed Hatem at Al Safar & Partners. I am in safe hands for sure..”
|+971 50 154 1471
|Saaha Offices 401A Block D, Oldtown, Downtown Near Palace Hotel – Dubai – United Arab Emirates
5. NYK Law Firm
Nasser Yousuf Al Khamis Legal Counsel and Consultants NYK Law Firm is a renowned law firm based in Dubai, United Arab Emirates.
The NYK law firm includes a team of best lawyers with more than 22 years of experience. They have experienced international law professionals and two Emirati lawyers with multilingual capabilities who have the right to appear before all courts in the United Arab Emirates.
Criminal defense lawyers, real estate lawyers, family lawyers, and commercial lawyers, corporate business lawyers provide the best customer service.
We’ve received the following feedback from clients of NYK Law Firm :
“The experience I had with the law firm is beyond description. I loved the reflected diversity shown over there but on top of it all was the confidential-oriented and trusted lawyers they have. I had the honor to speak with Mr. Islam on the phone. Was an insightful conversation.
I strongly recommend…”
“I would like to thank everyone at NYK for their excellent work, professionalism, kindness and understanding, especially to Jinny mam and Ribu Sir who are very helpful. I would highly recommend the NYK Law firm.
Best Lawyers and Law firm in UAE.”
|+971 54 792 8720
|Block B, Latifa Tower – Office No. 1107, 11th Floor – Sheikh Zayed Rd – Dubai – United Arab Emirates
6. Gulf Advocates
Gulf Advocates are a top law firm in Dubai. Lawyers and legal advisors are there for you in one of the best law firms in Dubai. As the leading local and international law firm, They can offer legal representation for a wide range of needs, from family law to commercial law! It is one of the best full-service law firms in the United Arab Emirates.
They are a team of the best lawyers in Dubai, offering our legal services and expertise to help our clients in areas as diverse as banking law, commercial law, labor law, criminal law, family law, divorce, civil, commercial, legal, real estate, debt recovery, financial litigation and much more!
Gulf Advocates clients provide the following feedback:
“Outstanding lawyer! I was able to reach him directly with every question I had and he made this awful process much less stressful. His knowledge of the entire process is unsurpassed and he guides you through every step of the way.”
“Mr.Faisal has done an excellent service giving me sound and clear practical legal advice by an associate law firm .. very knowledgeable with a successful outcome.. I will highly recommend him for any legal issues. Best criminal lawyers in Dubai”
“Thanks a lot to Faisal who gave me understanding on my case and gave legal advice. Highly recommend this company.”
|+971 54 322 5080
|1 Sheikh Mohammed bin Rashid Blvd – Downtown Dubai – Dubai – United Arab Emirates
|Prenups and marital agreements writing Mediation