Debt collection

Debt recovery is a crucial aspect of any business and can be a difficult and time-consuming process, and it is essential that you are aware of the laws to ensure that you recover outstanding debts effectively. Debt collection procedures, the debt collection process in the UAE, Qatar or the Sultanate usually begins with an amicable settlement between the creditor and the debtor. This process includes communication between the parties to try to reach a mutually acceptable solution to pay off the debts. If an amicable settlement is not reached, then the creditor can take legal action. The legal process to recover debts includes filing a lawsuit before the competent court, and then the court issues a ruling against the debtor. After the judgment is issued in favor of the creditor, the creditor initiates procedures to implement the judgment to recover the debt. These procedures may include confiscating, seizing and selling assets, freezing bank accounts, seizing salaries, movables, cars and his funds that are under the control of a third party, in addition to arresting and imprisoning the debtor to force him to implementation and payment

Debt collection

Debt collection

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