Key Approaches for Debt Collection Dubai
June 26th, 2020 by admin
Debt collection agency follows two significant procedures in debt recovery Dubai. Our associate lawyers are knowledgeable in carrying out both procedures. We provide a platform where associate lawyers will legally collect your debt from the debtors.
First is a legal collection, in which debt is collected through the court. Second is the cordial collection, in which the case is resolved outside the court.
- Cordial Collection
The best way of recovering debts is through the cordial collection as it saves the reputation and relations of both parties. It involves negotiation with the debtors which is carried out in the following ways:
- The debtor should be informed about the due payments
- A legal notice is sent to the debtor which claims overdue payments by the creditor.
- The debtor can ask for proof and once you receive proof start negotiations
- The debtor should provide a genuine reason to settle the debt
- You many offer instalment techniques for the ease of debtor
However, if the amicable settlement did not work then we will go toward legal debt recovery Dubai procedures.
- Legal Collection
Taking the case to court is the last and easy way of recovering a debt. It is the shortened way of collecting debt that involves judicial bodies. Your lawyer will file a case against your debtor and the court will send legal notice to the debtor. Later on, decisions can be used in opposition to the debtor in the execution procedure. In the case of appealing disapproval, conciliation among the parties is ordered by the court of law.
Our “No Win No Fee” plan
We operate through No Win No Fee plan. This means that if you did not get your debt back then we will not charge you our fee. We are concerned for you and will try harder to provide you desirable results
You must hire a debt collection agency to avoid getting into bad debts. Our associate debt recovery Dubai lawyers have proper strategies for managing debt cases professionally. Therefore, avail our services and save your money and time. For further queries consult our law firm.
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