HI, I AM ABIN CREW AND WE ARE NOT CURRENTLY MAKING...

We would like to inform you that if you have loan and you want to settle the situation, then you should review The creditor and apply to negotiate the settlement of this loan, and submit a proposal to pay you part of the loan amount and reschedule the remaining amount in other installments. Or submit another proposal to pay you the full amount of the loan in return for legal clearance that you have paid the full amount of the loan and the bank has no right to claim any other amounts of money because of this loan. You must provide any documents proving your ability to pay the loan installments again, such as joining a new job.

We advise you that negotiating with the bank is the right way to solve this problem in order to avoid the bank opening a case against you due to the issuance of a check without balance, which is punishable by imprisonment or a fine.

As UAE Penal Code states:

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.

The criminal case shall be terminated if it is paid or waived after the occurrence of the crime and before the dismissal by a final judgment. If this happens after the judgment has been made, the execution shall cease.

If the court orders that the check book be withdrawn from the convicted person and not giving him new books, so article (643) of the Commercial Transactions Law, the Public Prosecution shall inform the Central Bank of this matter to all banks. In the case of any bank violating the said order, a fine of (100,000) one hundred thousand dirham is required.