Emirates HaD Bank (P.J.S.C)/IDR Legal ltd - statutory demand

[Romanesque]

Hello, I have outstanding debt in UAE and have had IRDWW sending fishing emails.

Should I respond ?

Also, has anyone used the services of the well known debt negotiators to manage this?

 

Thanks. 

[dx100uk]

NO do NOT use those fleecers on that certain website!!

they are in bed with most of the banks and scam you blind!!

 

 

[Romanesque]

I have an outstanding UAE bank loan and credit card debts and am not in a position to settle these. I have been sent chasers by IDR via email and post. What are my options?

Does anyone have any experience of using the well known debt negotiating agency that is often in the news and seem to specialize in UAE debt matters? 

 

Also, how can I check if I can travel abroad as I am told that the UAE banks are notorious for using Interpol to classify debt as fraud and having them issue Red Notices.

 

Thanks.

 

[dx100uk]

Please dont get conned by those websites, all they do is cost you money and are in bed with the banks.

 

And we've not seen these interpol issues in many years.you are reading old stuff designed to frighten you and gander these fleecers money..dont!!

 

have you written to the bank updating them with your correct address?

you should do.

 

DX

[Romanesque]

Thanks DX.

 

Yes, it definitely is scary to read that Interpol is used as a debt collection agency by the UAE. I have asked other law firms about what my options were in order to check with Interpol for Red notices issued but they are charging exorbitant fees. 

 

I have not been in contact with the banks as I did not want to get harassed by them due to an inability to pay. 

 

Also considered going down the bankruptcy route but not sure if that can be applied to UAE debt.

[dx100uk]

Ok listen

youve got almost everything thinking wise wrong.

forget about red notices

forget about going bk

forget about using scamming solicitors.

 

you simply inform the original creditors of your correct and correct address.

 

you ignore the silly debt collectors and their solicitor mates.

until or unless your ever get

a letter of claim

a statutory demand (but that could be fake)

or a court stamped claimform

 

nothing they can ever really do. A dca is not a BAILIFF

and only the original banks can do court etc.

 

there are 100's of uae threads here.

i suggest you get up to current speed and read them.

 

stop panicking and read crap websites and forums

stick to cag only.

 

Dx

[Brazzer69]

If you live in the UK (England & Wales) then they can go after any assets (home etc). If you live in Scotland or abroad best ignore. If you have a house in England/Wales I would try negotiate with the bank directly. Ignore the DC.

[Romanesque]

Thanks. I do live in England but do not own any property.

 

I have not heard from the banks for a while so will go back to them to see what they can offer.

[honeybee13]

Thread reopened.

 

HB

[Romanesque]

I have had a Statutory Demand delivered and wanted to know what to do next. Can the courts force a bankruptcy on foreign debt?

[unclebulgaria67]

Yes they could make you bankrupt through UK Courts.

 

So yes you will need to apply to set aside the statutory demand.  If you fail to do so, the next step is that the could petition for your bankruptcy.

 

Can you upload a copy of the statutory demand in PDF format ?  ( But please remove any personal information )

[dx100uk]

And go read the other UAE statutory demand SD threads in this foreign debt forum 

 

Some are just a threat and they don't actually move it forward, anyone can download the form and send it. Don't forget no court is involved at all or know about it if they don't 

 

Go read the threads.

 

Dx 

[Andyorch]

But it can happen so be careful....

 

 

[Romanesque]

Thanks. Here is the SD. 

I would appreciate any advice on what my next steps should be. I cannot afford to repay the loan.

SD.pdf

[Andyorch]

 

[Romanesque]

I have spoken to a lawyer who only had experience pf dealing with debt from the Caribbean. He said I should write to the DCA offering any payment terms I can afford.

 

When I raised concerns about this course of action he suggested that I should also write to the bank offering terms as he believes I cannot have the SD set aside.

I have read through the various threads and nothing mentions what defence I should use in this case as there is no court case in the UAE that I am aware of - and no notice has been sent to me.

 

Is there any defence that I can use in terms of how the loan was obtained - a guy turned up from the bank at my place of work and got me to sign a number of documents. Is there a case of mis-selling of PPI, or that the loan was insured in case of redundancies, as I was told?

I kept paying the loan off even after losing my job until the point I did not have any more funds left and had to leave the UAE or they would have first barred ne from leaving the country and then convicting me of a criminal offence. I tried to negotiate with the banks when I was there but that obviously was to no avail.

I have a few days left to submit a response to the SD, have started to fill out the IAA application but am still unsure of what route to take.

   

[unclebulgaria67]

Well you have provided a number of reasons to set aside the SD in your last post.

 

No UAE Court judgement

 

No opportunity to address issues with the debt. The original creditor when providing the loan advised that there would be Insurance provided, that would enable the creditor to receive repayments due, if the loan account holder was made redundant.  The original creditor has not to your knowledge made  a claim against the Insurance.

 

Remember that although you may owe a debt, this does not mean you should be made bankrupt in order for the creditor to receive payment. 

 

If you raise issues, which a Judge decides needs to be addressed, the process would be stopped.  By not setting aside the SD opens yourself up to being petitioned for Bankruptcy.

 

If you start making small offers of repayment, the creditor could decide the offer is not enough and proceed with your Bankruptcy anyway.  So would have thought you would first of all attempt to set aside the SD.

[dx100uk]

IF they ever do send the form to the court...

could be a bluff.

 

 

[dx100uk]

and?

 

dx

 

[Lovetoteach]

Hey can you tell us what happened please? X