Best Bankruptcy Lawyers in Dubai

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EDL Advocates & Legal Consultancy

EDL Advocates & Legal Consultancy

15 minutes Free Consultation
Dubai, United Arab Emirates

Founded in 2009
60 people in their team
English
Arabic
EDL is a full-service law firm committed to offering legal solutions to its clients, addressing even the most difficult legal challenges and cases.The firm, established in 2009 under the name of Insijam AIAhdal Advocates & Legal Consultancy, has since expanded its activities across various...
Horus Legal Sulotion

Horus Legal Sulotion

30 minutes Free Consultation
Dubai, United Arab Emirates

Founded in 2025
5 people in their team
Arabic
English
Russian
Persian
Horus Legal Solution is a premier legal consultancy firm offering a broad spectrum of services across commercial, civil, criminal, and real estate law. Founded and led by Kareem Sherif—a seasoned Egyptian lawyer and legal consultant—the firm operates with a strong focus on the UAE and Egyptian...
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Founded in 1993
50 people in their team
Arabic
English
About UsAl Kabban & Associates was founded in 1993 with a strong vision of providing exceptional legal representation in the UAE. With over 28 years of experience the firm has proven success and understanding of the legal system and its framework. This success is founded on the philosophy of...
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Ahmad Anwahi Advocates and Legal Consultancy
Dubai, United Arab Emirates

Founded in 2016
50 people in their team
Arabic
English
Company ProfileWe are a young and dynamic law firm that provides Value-Added and Solution-Oriented service to our Clients. With a decade of legal expertise, the team at Ahmad Anwahi Advocates & Legal Consultancy boasts of distinguished and experienced panel of advocates and legal consultants...
Khairallah Advocates & Legal Consultant

Khairallah Advocates & Legal Consultant

15 minutes Free Consultation
Dubai, United Arab Emirates

Founded in 2008
14 people in their team
Khairallah Advocates & Legal Consultants, a full-service law firm in Dubai, was founded by Jouslin Khairallah in the year 2008 under the support granted by His Highness Sheikh Mohammed bin Rashid Al Maktoum for medium and small-scale projects.The law firm in Dubai enjoyed steady growth with...
Al Kaitoob Advocates
Dubai, United Arab Emirates

Founded in 2000
50 people in their team
Arabic
English
This simple statement conveys a profound truth to any member of the company:a company is only as powerful as the people who bring it to life. This company pays special attention to the legal affairs of our customers. It also understands the importance of our customers’ valuable time and...

Founded in 2001
50 people in their team
Arabic
English
Al Reyami Advocates and Muhyealdeen International Legal Consultants is a top law firm founded since 2001 having over 50 lawyers in Dubai, Abu Dhabi, UAE, Riyadh, Al-Khobar, Istanbul and New York with best International and Local advocates – practicing and specializing in the different field of...
HHS Lawyers And Legal Consultants
Dubai, United Arab Emirates

Founded in 2000
200 people in their team
Arabic
English
OverviewHHS Lawyers provide high quality legal services including Litigation, Advisory, Legal drafting & consulting, Arbitration, and Intellectual Property protection in Dubai ,Sharjah, Abu Dhabi, Al Ain, Ajman, Fujairah, and in the Free Zones in the UAE such as JAFZA, TECOM, DAFZA, Dubai...

Founded in 1999
50 people in their team
English
Arabic
Urdu
Hindi
We are a professional, registered, and well-known Law Company owned by the Senior Emirati Lawyer. Our team of Lawyers in Dubai and UAE as well as Legal Consultants in Dubai and UAE, provide legal solutions, advice & services with result result-oriented approach. We are...
Rima Al Jarshi Lawyers & Legal Consultants
Dubai, United Arab Emirates

Founded in 2005
10 people in their team
Arabic
Bengali
RIMA AL JARSHI LAWYERS & LEGAL CONSULTANTSis one of the UAE’s leading law firms. The practice has a long history of expertise and volvement dating back to when lead partner Ms. Rima Al Jarshi first practice was established in 2005 at Deira Dubai. The present office is located at Business...
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About Bankruptcy Law in Dubai, United Arab Emirates

Bankruptcy law in Dubai falls under the purview of Federal Law No. 9 of 2016. This law was designed to protect struggling businesses from falling into irrecoverable debt, providing them with protection from creditors and allowing them an opportunity to reorganize their debts and revive their business. Bankruptcy can apply to both commercial businesses and individual traders.

Why You May Need a Lawyer

Navigating through bankruptcy can be challenging and complex. A lawyer with experience in UAE and Dubai bankruptcy laws can guide you through the entire process, advising you on the merits of your case and helping you understand your legal obligations and rights. A lawyer can also help to draft a restructuring plan, negotiate with creditors, and can represent you during any legal proceedings.

Local Laws Overview

Several key aspects of the UAE Bankruptcy Law are of critical relevance. Firstly, both individuals and companies can declare bankruptcy if they become insolvent. Secondly, the law encourages a financial restructuring process to allow businesses to continue running while repaying debt. There are also provisions that protect individuals who have not intentionally avoided payment of debt, reducing the risk of imprisonment. Lastly, this law enables secured creditors to have preferential rights in bankruptcy scenarios.

Frequently Asked Questions

What are the consequences of declaring bankruptcy in Dubai?

Bankruptcy may affect your business operations and your reputation. However, it also provides a legal framework to restructure and repay debts to avoid the dissolution of your business.

Can I be imprisoned for unpaid debts?

If you fail to pay your debts, but it is determined you did not intentionally avoid payment, you should not face imprisonment thanks to the protective clauses within the UAE Bankruptcy Law.

Can creditors seize my assets during a bankruptcy?

Under the UAE Bankruptcy Law, assets needed for personal or family costs are protected from seizure.

What kind of debts can be discharged in a bankruptcy?

Most unsecured debts can be discharged in a bankruptcy. However, certain debts such as debts arising from fraud, fiduciary breaches, or fines may not be dischargeable.

Who can file for bankruptcy?

Both businesses and individuals struggling with debt can apply for bankruptcy.

Additional Resources

The UAE Ministry of Finance is a governmental body that can provide comprehensive information about the UAE Bankruptcy Law. Dubai's Department of Economic Development is also a useful resource for information on business laws and regulations.

Next Steps

If you need legal assistance with bankruptcy, start with researching and identifying a reputable lawyer that specializes in bankruptcy law in Dubai. It's valuable to prepare a detailed overview of your financial situation prior to your consultation, including all debts and assets. This will help your attorney understand your case and guide you through the necessary steps. Remember, it’s crucial to act quickly once you realize you cannot repay your debts to avoid aggravating the situation.

Lawzana helps you find the best lawyers and law firms in Dubai through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Dubai, United Arab Emirates—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.