Debt settlement is a negotiated agreement between the debtor and the creditor to settle an outstanding debt for less than the full amount owed. It is an alternative to bankruptcy or litigation, allowing individuals and businesses to avoid financial consequences. However, it is a financial responsibility that must be paid or offset by the debtor. This responsibility falls on the debtor to various parties, such as banks, financial institutions, individuals, loans, profits, and investment capital.

At NA Lawyers, our expert debt settlement lawyers in Dubai help individuals and businesses to resolve financial disputes efficiently, all while complying with UAE laws and regulations. Our team specializes in negotiating with creditors, restructuring payments, and achieving amicable settlements.

Debt Settlement Service Providers

We offer debt settlement or debt recovery services for any debt owed in the UAE. Plus, we have a dedicated team and a separate department where debt collection experts and lawyers assist creditors (individuals or companies) in recovering debts as soon as possible. NA Lawyers can provide settlement services as well as legal services. Legal services or civil/commercial cases are the last resort for any financial dispute. Our professional lawyers will always prefer to resolve disputes amicably first. However, if debt settlement is not possible out of court, the same team of experts will finalize the matter in court.

Common Scenarios for Debt Settlement in Dubai

• Personal Loans
• Credit Card Debt
• Bounced Cheque Cases
• Business Debts
• Mortgage Defaults
• Insolvency Situations

How We Work in Dubai

In Dubai and the UAE, our process for debt settlement typically involves:

1. Negotiation – The debtor negotiates with banks, financial institutions, or creditors to reduce the total debt or modify payment terms.
2. Partial Payment Agreement – The creditor may accept a lump-sum payment (less than the full debt) or a restructured payment plan to settle the liability.
3. Legal Documentation – A formal settlement agreement is drafted and signed, making the new terms legally binding under UAE law.
4. Debt Discharge – Once the agreed amount is paid, the debt is considered fully or partially resolved, and no further claims can be made.

Need Professional Debt Settlement Help in Dubai?

NA Lawyers specializes in negotiating all kinds of debt settlements with UAE banks and other creditors and ensuring compliance with laws as well. Our team of professional debt settlement lawyers are distinguished in handling complex legal cases in the UAE. NA Lawyers also assists individuals who have left the UAE without paying off their debts. Despite job opportunities, they fear legal consequences upon their return. We negotiate on their behalf to settle their debts, enabling them to start anew in the UAE. Contact us for a confidential consultation today!