I’ve been living here in Dubai for the past four years, in that years passed by, I have accumulated a large amount of debts which i can no longer pay with my present salary. I have four hundred thousand dirhams loan from different banks. My wife’s salary plus mine combine is around 15,000 dhs. We’re having difficulty now making both ends meet because our children lives with us adding more expenses on our monthly budget.
Now, my question is – How can I legally prevent myself from getting jailed from defaulting payments? Is there any lawyer in this Country that protects the rights of an expatriate declaring bankruptcy. Is there any way I can re-structure my payment? What is best best solution to my problem?
I don’t want to go in jail, I’ve been reading a lot of testimonies about people getting jailed from debts here in Dubai with this amount that I have, and there is no way that you’ll get released unless you pay all your debts. How can a person pay his debts if the bank put them in jail?
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The AnswerAs an Expatriate How Can I Prevent Myself From Getting Jailed in Dubai for Debts? - Elmer by Steve Rhode