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...

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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alweaam legal consultancy

alweaam legal consultancy

30 minutes Free Consultation
Dubai, United Arab Emirates

Founded in 2010
10 people in their team
Arabic
English
French
Dutch
Afrikaans
Alweaam Legal consultancy stands out as your trusted partner for navigating the complexities of Dubai's legal system. Our team of seasoned lawyers brings a wealth of experience and unwavering dedication to every case. We understand the anxieties that legal matters can cause, and that's why we...
Eissa Salem Lawyers & legal consultants
Dubai, United Arab Emirates

Founded in 2010
50 people in their team
Arabic
English
LeadershipMr. Eissa Salem, the Executive Director & Owner of the firm is closely involved with the functioning of the organization at administrative, strategic planning and management level to provide a fluent experience to our esteemed clients.Driven by dynamic Leadership & enthusiastic...
Bsb Legal
Dubai, United Arab Emirates

Founded in 2015
12 people in their team
BSB Legal is known for its professionalism, reliability, and personalized service. Their brand name, BSB Legal, reflects their commitment to delivering exceptional legal services with a focus on the individual needs of each client. They work closely with their clients to understand their specific...

Founded in 2000
50 people in their team
Arabic
English
A FEW WORDS ABOUT OUR LAW FIRMYasin Al Hamed Advocates and Legal consultants is a leading Law firm in U.A.E, offers a wide array of quality legal services to our clients. Our essential strength is derived from the proficiency of national & international legal knowledge.As an independent firm,...

Founded in 2019
8 people in their team
English
Arabic
Malayalam
Hindi
Urdu
In a city that thrives on innovation, commerce, and international connection, the legal landscape of Dubai requires professionals who are not only highly knowledgeable but also deeply familiar with the local legal framework. Navigating contracts, disputes, and compliance in this global metropolis...
Fawzia Mohd Lawyers & Legal Consultancy

Fawzia Mohd Lawyers & Legal Consultancy

1 hour Free Consultation
Dubai, United Arab Emirates

Founded in 2022
20 people in their team
English
Arabic
Fawzia Mohd Lawyers & Legal Consultancy is a premier law firm based in Dubai, UAE. Our expert team specializes in commercial law, litigation, and criminal defense. We provide comprehensive legal support to businesses and individuals, ensuring robust representation and strategic counsel in the...
Al Ramsy Advocates
Dubai, United Arab Emirates

Founded in 2000
200 people in their team
Arabic
English
WHO WE AREAl Ramsy Advocates & Legal Consultancy is a full-service law firm dedicated to delivering first-class legal solutions and powerful results to our clients.With over 20 years of experience, we provide unrivaled legal services in the UAE, regional and international law. Our key areas of...
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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.