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Waleed Al-Helo

Waleed Al-Helo

Lawyer

الأسئلة المجابة 108892 | نسبة الرضا 98.1%

Lawyer

I have bank loan 215k but I paid some installments...

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I have bank loan 215k but I paid some installments and balance is 130k. Installment is 5320/month, now I lose my job and from last 3 month I’m unable to pay. So bank already filed legal case against me.
Lawyer's Assistant: Where are you located? It matters because laws vary by location
Uae
Lawyer's Assistant: Has anything been filed or reported?
Bank has filed legal case against me
Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?
Where should I report my situation?

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إجابة الخبير: Waleed Al-Helo

Waleed Al-Helo

Waleed Al-Helo

Lawyer

الأسئلة المجابة 108892 | نسبة الرضا 98.1%

We would like to inform you that yes, the civil lawsuit may file and the value of the loan can be filed by the bank, and at the same time requesting the value of the check by the bank and the bank can in this case provide security checks and then submitting to the Public Prosecution through a criminal complaint, especially since the law considers it an offense to issue a check without balance and that the procedures be followed by the Public Prosecution regarding investigating the source of the check, arresting him, imposing the penalty against him, and obligating him to pay its value, as Article (401) provides for penalties:
Article (401)
Detention or a fine shall be imposed upon anyone who, in bad faith, gives a draft (cheque) without a sufficient and drawable balance or who, after giving a cheque, withdraws all or part of the balance, making the balance insufficient for settlement of the cheque, or if he orders a drawee not to cash a cheque or makes or signs the cheque in a manner that prevents it from being cashed. The same penalty shall apply to any one who endorses a cheque in favor of another or gives him a bearer draft, knowing that there is no sufficient balance to honor the cheque or that it is not drawable. Note that the penalty will be prison for a year.
*******With attention to the entry into force of the penal order is the replacement of the punishment of imprisonment with a financial fine here the law gave the right to the creditor or the complainant to establish a civil suit and claim the value of indebtedness through a civil lawsuit and does not mean payment of the fine end of the case but the purpose of payment is to exempt you from imprisonment In case the bank has set up a lawsuit, you must apply for installment payments for the accumulated amounts and lose your personal abilities and to pay them in monthly installments. Therefore, in the event of a lawsuit before the court, you can apply for installment payments and payments according to your financial ability to avoid imprisonment.
*****Note that the payment of the fine on the check does not mean your acquittal, but it is for the owner of the cheque to file a civil suit and claim the value and the fine is a replacement of the imprisonment penalty

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Waleed Al-Helo

Waleed Al-Helo

Lawyer

الأسئلة المجابة 108892 | نسبة الرضا 98.1%

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