We provide services to the clients who are facing financial difficulties and require Bankruptcy Procedures as per federal decree no. (9) for the year 2016.
The law identifies different ways to avoid or file for bankruptcy cases and the liquidation of debtors’ assets, including consensual out-of-court financial restructuring, bankruptcy protection procedures, financial restructuring and the potential to secure new loans under terms set by the law.
Al Sharid is one of the first Firms to handle Bankruptcy Cases in the UAE Courts.
Advising the client who is facing financial difficulties by reviewing and analyzing the financial position to assess his Bankruptcy file application and decide whether to go through bankruptcy procedures as per the law.
Bankruptcy File Preparation
Prepare the statements and documents that are required to be submitted to the Courts to start the Bankruptcy Procedures.
Assist the client in case his application is accepted by the court to nominate bankruptcy trustee. Al Sharid partners are certified by UAE Courts as experts and trustees with extensive experience in managing organization and companies.