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Bank in Dubai Wants Me to Come Back

By on March 6, 2014

“Dear Jon,

I am currently living in Italy, the bank offered me to restructure the debt as long as I can give a guarantor in the UAE and come back to sign ”paperwork” to Dubai . Of course in JAIL! i got very upset, almost sounded like a joke. Please let me know what can be done under EU legislation on debt , I imagine they can maybe sell of the debt but it would be under the countries laws on debt instead of Dubai’s dracononian middle aged laws.

Kind Regards”

My advice would be not to return to sign anything or provide a guarantor; why place yourself in a position where you may be jailed and why bring someone else into this? You can always inquire with the local authorities there to see if a warrant has been issued against you.

Since you are living in the EU, short of the debt being sold on to a collection firm in the EU, there is little the bank(s) can do against you. However, if the account(s) are sold on, you may wish to inquire in Italy about their laws regarding debts and debt collection practices.

Regards,

Jon

Jon Emge is an experienced UK debt advisor who has helped thousands and thousands of people in the UK to deal with problem debt. Jon specialises in finding good solutions for problem debt using a variety of UK specific techniques.

If you have a question you’d like to ask about how to get out of UK debt, just use the online form. I’m happy to help you for free.

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About Jon Emge

Jon Emge is an experienced UK debt advisor who has helped thousands and thousands of people in the UK to deal with problem debt. Jon specialises in finding good solutions for problem debt using a variety of UK specific techniques. If you have a question you’d like to ask about how to get out of UK debt, just use the online form.

2 Comments

  1. financing bridge

    June 25, 2014 at 2:55 pm

    If u want to write off ur debt in dubai and return we can negotiate for you- financingbridge at gmail

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    May 30, 2014 at 7:12 pm

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