Every day, thousands file for bankruptcy to get out of a serious debt problem they are facing affecting the person's bank accounts and lives. Causes leading someone to this unfortunate situation are many and here we will attempt to highlight some of the more common ones. Regardless of the cause, bankruptcy is the go-to solution for a lot of people finding themselves in financial dire straits.
Every day, thousands file for bankruptcy to get out of a serious debt problem they are facing affecting the persons' bank accounts and lives. Causes leading someone to this unfortunate situation are many and here we will attempt to highlight some of the more common ones. Regardless of the cause, bankruptcy is the go-to solution for a lot of people finding themselves in financial dire straits.
What are the causes of Insolvency Bankruptcy in UAE?
Medical Expenses
Sudden Unemployment
Living beyond your means
Divorce or Separation
Unexpected Expenses
Every day, thousands file for bankruptcy to get out of a serious debt problem they are facing affecting the persons bank accounts and lives. Causes leading someone to this unfortunate situation are many and here we will attempt highlight some of the more common ones. Regardless of the cause, bankruptcy is go-to solution for a lot of people finding themselves in financial dire straits.
Learn how to cut medical expenses, repair bad credit, make more money and set up a better life for your kids. First Regional Benefits teaches financial survival.
If you are facing student loan debt in West Virginia, then read this infographic to know about penalties for student loan debt. Thomas E. McIntire & Associates, LC always ready to help you for the compassionate you deserve.
Every day, thousands file for bankruptcy to get out of a serious debt problem they are facing affecting the persons' bank accounts and lives. Causes leading someone to this unfortunate situation are many and here we will attempt to highlight some of the more common ones. Regardless of the cause, bankruptcy is the go-to solution for a lot of people finding themselves in financial dire straits.
What are the causes of Insolvency Bankruptcy in UAE?
Medical Expenses
Sudden Unemployment
Living beyond your means
Divorce or Separation
Unexpected Expenses
Every day, thousands file for bankruptcy to get out of a serious debt problem they are facing affecting the persons bank accounts and lives. Causes leading someone to this unfortunate situation are many and here we will attempt highlight some of the more common ones. Regardless of the cause, bankruptcy is go-to solution for a lot of people finding themselves in financial dire straits.
Learn how to cut medical expenses, repair bad credit, make more money and set up a better life for your kids. First Regional Benefits teaches financial survival.
If you are facing student loan debt in West Virginia, then read this infographic to know about penalties for student loan debt. Thomas E. McIntire & Associates, LC always ready to help you for the compassionate you deserve.
Except if that individual has a tough intensity of lawyer and medicinal orders as of now set up under the watchful eye of the mishap, the court will name a guardian to settle on both budgetary and non-money related choices for the lethargic individual.
What To Do When You Can't Pay Your MortgageHoyes Michalos
Your home is your biggest asset but you're struggling with keeping up with your mortgage payments. What are your options to deal with your debts and keep your house.
Proper estate planning can save your family large amounts of stress – and money – when they are at their most vulnerable. Yet it’s not something that most clients want to talk about. Thinking about death is uncomfortable for anyone and facing the reality could mean conquering some emotional demons. Even worse, estate planning often seems complicated and unwieldy.
Seniors are increasingly carrying higher levels of debt into retirement which is an added risk on a fixed income. We address debt management solutions for seniors if debt levels are threatening their ability to make ends meet.
There is a lot of chatter about President Obama’s new homeowner mortgage reduction plan. And while it will be helpful to a small number of people, there are some fairly rigid criteria that make it difficult to access for the majority of homeowners who are in trouble.
It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.
Except if that individual has a tough intensity of lawyer and medicinal orders as of now set up under the watchful eye of the mishap, the court will name a guardian to settle on both budgetary and non-money related choices for the lethargic individual.
What To Do When You Can't Pay Your MortgageHoyes Michalos
Your home is your biggest asset but you're struggling with keeping up with your mortgage payments. What are your options to deal with your debts and keep your house.
Proper estate planning can save your family large amounts of stress – and money – when they are at their most vulnerable. Yet it’s not something that most clients want to talk about. Thinking about death is uncomfortable for anyone and facing the reality could mean conquering some emotional demons. Even worse, estate planning often seems complicated and unwieldy.
Seniors are increasingly carrying higher levels of debt into retirement which is an added risk on a fixed income. We address debt management solutions for seniors if debt levels are threatening their ability to make ends meet.
There is a lot of chatter about President Obama’s new homeowner mortgage reduction plan. And while it will be helpful to a small number of people, there are some fairly rigid criteria that make it difficult to access for the majority of homeowners who are in trouble.
It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.
Virtual Financial Group is most powerful virtual business & success system ever seen in the history of financial services. Mike Hinsvark & Chris Delfino are CEO & Founder of Virtual Financial Group (VFG), San Diego, CA. Virtual Financial Group Reviews are excellent in ratings for performance in Virtual Financial Services.
PROTECT YOUR FAMILY’S FINANCIAL SECURITY IN TOUGH TIMEScutickfinancial
https://cutickfinancial.com - Financial security is the comfort of knowing your family’s standard of living is secure even when a life-changing event occurs. It is also about having the means to achieve your most important goals, like owning a home or sending your children to college. Many of us are working hard to reach those goals. Some of us may have achieved them. But ongoing economic turmoil has been a rude wake-up call for all of us. We have seen events beyond our control decimate our savings and retirement accounts, knock down the value of our homes and diminish our job security
Virtual Financial is one of the leading business providers in the business world. They have the highest level of services, and they provide the best deals to their customers. One can trust them blindly to unite with this industry.
Retirees: Important Questions About Finances309finance
Baby Boomers are retiring and approaching retirement age at a very fast rate and with a very high volume. Many of the baby boomers as well as anyone reaching retirement might have questions about financial security or personal finances. This slide presentation is just a quick guide to popular retirees questions that you might encounter as well as questions regarding retirement and finances.
Note: we are not making any recommendations or advice via the slides. Our goal is to provide information to help you research and understand the challenges being faced by retirees.
Presented by: www.309finances.com
Value Added Tax’s (VAT) fundamental nature is that it’s not taxation imposed on businesses. Instead, it’s a type of tax that’s collected by business entities operating in the UAE that is rather imposed on end consumers by the local tax authorities.
Under UAE VAT legislation, detailed tax invoices are to be issued by VAT-registrants for assessable goods or services supplied to other VAT-registered businesses. This is provided that the provisions surpass Dhs10,000. A detailed VAT invoice is often for merchants and wholesalers managing higher amounts of taxable supplies.
A VAT invoice in the UAE must contain this information in English/Arabic:
A unique invoice number (sequential, for identification purposes)
The date on which a tax invoice was issued, plus the date of supply (if they’re different)
Legal name, tax registration number, and address of the taxable person
Legal name, tax identification number, and address of the customer
Description, quantity, and type of sold goods or description of provided services
To unite price for goods/services goods, excluding the VAT charge
Rebates or discounts provided (not added in good/service’s unit price)
Total VAT amount payable (must be in AED)
Method for calculating the profit margin
Method for calculating VAT (standard, exemption, or zero rates)
The label “Tax Invoice” presented visibly on the tax document
Generally, supplies of goods and services that take place within UAE for VAT purposes are subject to VAT with five percent as the standard rate or zero percent if considered zero-rated, unless they fall within the UAE scope of VAT section.
Is your business in UAE registered for VAT? Make sure you’re fully aware of the different VAT rates which are applicable to the transactions of your business, particularly for sales of services.
Regulations for Value Added Tax in UAE differ depending on what you are selling, who you are selling to, and where your business is located.
Value Added Tax’s (VAT) fundamental nature is that it’s not taxation imposed on businesses. Instead, it’s a type of tax that’s collected by business entities operating in the UAE that is rather imposed on end consumers by the local tax authorities.
The UAE government constantly implements frameworks and mechanisms across several different government departments as part of their key initiatives in boosting economic health. Among them is VAT implementation in UAE, which was declared by the Federal Tax Authority. For the public, Value Added Tax implementation meant higher prices for food, entertainment, and other consumer goods and services. For businesses in the country, it meant levying the current VAT rate of five percent on goods and/or services that are taxable.
The UAE government also introduced a decreased VAT rate and exemptions for specific goods and services. As not all products and services are taxable, it is best to consult with regulated tax agents in Dubai regarding VAT implementation in UAE.
Most commonly asked questions relating to copyrightAhmedTalaat127
The word “copyright” (or “author’s right”) refers to the legal rights that artists hold over their literary and creative works. Books, music, art, sculpture, and films are among the works covered by Copyright, as are computer programmers, databases, advertising, maps, and technical drawings.
A civil marriage contract for a non muslim coupleAhmedTalaat127
The Abu Dhabi Non-Muslim Personal Status Court has issued the first civil marriage contract to spouses of Canadian citizenship, according to the provisions of Law No. 14 of 2021 on non-Muslim Personal Status in the Emirate of Abu Dhabi. It aims to establish the Emirate as a leader in regulating family matters for non-Muslims following international best practices. A non-Muslim Personal Status Court in Abu Dhabi granted a Canadian couple the first civil marriage contract.
The newlyweds appreciated everyone who helped make the civil marriage contract service go well, as well as those who worked hard to ensure that the application process was quick and straightforward.
Oman has become the 4th GCC or Gulf Cooperation Council member state that introduced VAT or Value Added Tax regulations. The date of VAT implementation in Oman is the 16th of April, 2021. This is a significant move in relation to VAT in the GCC member states since Saudi Arabia significantly increased the rate for VAT in the country to fifteen percent from five percent back in May 2020.
The move of Saudi Arabia, as reported by the BBC, shores up state finances at the start of the COVID-19 pandemic. Saudi Arabia’s move was also to diversify the economy in order to reduce the country’s reliance on income from oil and gas.
العقار هو ذلك الشيء المستقر بحيزه ثابتاً فيه، بحيث لا يمكن نقله أو تحريكه دون تلف أو تغيير في هيئته. أما الوسيط العقاري (الدلّال) يعرف بأنه الشخص الذي يقوم بممارسة أعمال الوساطة العقارية في دبي، كما تعرف الوساطة العقارية بأنها العقد الذي يتعهد بمقتضاه الوسيط العقاري لشخص ما، بالبحث عن طرف ثانٍ وذلك بغرض إبرام عقد معين، وبالوساطة في المفاوضات من أجل التعاقد، مقابل أجر معين يتقاضاه ذلك الوسيط.
وقد أنشأت اللائحة رقم (85) لسنة 2006 بشأن تنظيم سجل الوسطاء العقاريين في إمارة دبي، سجلاً خاصاً لقيد الوسطاء العقاريين يرخص لهم من خلاله مزاولة نشاط الوساطة في داخل الإمارة، وتسجل فيه كل البيانات الخاصة بالوسيط، وما يطرأ عليها من تعديلات أو تحديثات لاحقة في تلك البيانات.
كما ألزمت اللائحة كل من أراد أن يمتهن نشاط الوساطة العقارية بحتمية الترخيص والتقييد في سجل قيد الوسطاء، ولا يجوز ممارسة أي نشاط للوساطة دون هذا الإجراء بالإضافة إلى الالتزام بأخـلاقيات المهنة وفــق ميثاق الشــرف الذي تعـده اللجنــة.
Can an employer take disciplinary actions against employeesAhmedTalaat127
According to UAE legislation, being indiscipline at work or violating the conditions of your employment contract might result in your employer taking extreme action. Federal Decree-Law No. 33 of 2021 on the Regulation of Labour Relations, which will take effect on February 2, 2022, will lay out precisely how businesses should deal with employee misconduct in an organized and equitable way.
Articles 39, 40, and 41 of the new legislation examine different facets of what a firm may do to an employee. While Article 39 discusses the systematic approach in which businesses might take actions ranging from mild to severe, Article 40 lays out the requirements for temporary employment suspension. Article 41 examines what the law says when an employee is accused of misconduct outside of the job.
New rules on retrospective tax penalty waivers, installments, tax litigation,...AhmedTalaat127
For the first time since the UAE tax laws came into effect in October 2017, the legislation now:
Grants permission to pay tax penalties in installments.
Specifies reasons that permit penalty waivers. *
Prohibits installments or waivers if litigation is ongoing.
Allows for a class action against tax penalties.
Permits waiver of penalties paid during the past five years.
Before, the legislation only stated that “accepted justifications” may substantiate penalty waivers, but it was unclear what would entail an accepted justification.
Importantly, taxpayers must now choose between either disputing tax penalties through the tax dispute resolution committees and the Federal Courts — or filing installment or waiver applications. The new changes make it unworkable for both to occur at the same time. And because of the time limitations, a dispute may be time-barred if the taxpayer opts to file an installment or waiver application instead of contending the penalties before the tax dispute resolution committees and the Federal Courts.
This is a substantive consideration for taxpayers as they must weigh the risks of sacrificing litigation against the risk of receiving a rejection on an installment or waiver application.
What are the new VAT administrative penaltiesAhmedTalaat127
The Federal Tax Authority (FTA) shared a public clarification on 28th April 2021 about the amendments for provisions under the Cabinet Decision No 40 of 2017 for administrative penalties. VAT penalties include administrative penalties, which mean the monetary fines imposed on a person or an entity by the FTA for breaching the provisions in the Tax Law of UAE. Penalties can easily be avoided by taking the necessary precautions for non-compliance while filing the VAT report. Businesses have more time to review their data and submit an accurate VAT filing and can benefit from up to 70% waiver for their unpaid penalties if they meet the criteria.
There may arise so many times for the people to attest to their certificates. When it is needed, it is needed no matter what you do.
When someone has to go to some foreign country, the need for the attestation is even more.
New rules on retrospective tax penalty waiversAhmedTalaat127
For the first time since the UAE tax laws came into effect in October 2017, the legislation now:
Grants permission to pay tax penalties in installments.
Specifies reasons that permit penalty waivers. *
Prohibits installments or waivers if litigation is ongoing.
Allows for a class action against tax penalties.
Permits waiver of penalties paid during the past five years.
*Before, the legislation only stated that “accepted justifications” may substantiate penalty waivers, but it was unclear what would entail an accepted justification.
Importantly, taxpayers must now choose between either disputing tax penalties through the tax dispute resolution committees and the Federal Courts — or filing installment or waiver applications. The new changes make it unworkable for both to occur at the same time. And because of the time limitations, a dispute may be time-barred if the taxpayer opts to file an installment or waiver application instead of contending the penalties before the tax dispute resolution committees and the Federal Courts.
This is a substantive consideration for taxpayers as they must weigh the risks of sacrificing litigation against the risk of receiving a rejection on an installment or waiver application.
Bounced cheque no longer punishable by law in UAEAhmedTalaat127
Commercial Transactions Law revisions that decriminalize issuing cheques without adequate cash (bounced cheque) have been implemented by Dubai courts. Cheque beneficiaries or bearers do not have to initiate criminal or civil charges for non-payment of the cheque following Federal Law No. 14 of 2020, revised in October 2020. Alternatively, they may approach the court’s execution judge directly to get an order directing payment of the cheque’s total amount or any leftover balance.
Cheque bearers are entitled to receive partial payments from banks if they have enough money in their account to do so unless they object.
Accounting services overview of insurance contract under ifrsAhmedTalaat127
The majority of accounting services in Dubai and UAE ignore insurance accounting because they are not in the insurance business. Now that there will be a new accounting standard related to insurance contracts, chartered accountants should check to make sure they aren’t erroneously issuing them.
العقار هو كل ملك ثابت في مكانه له أصل بحيث يصعب نقله دون إتلافه، وبالتالي فإن العقار يشمل الأرض وكل ما اتصل بها اتصال قرار مثل البنايات، الأشجار، فالعقار قد يكون ارضا سكنية، زراعية، فلل أو قصور او شقق … الخ
و عندما نتحدث عن التداولات العقارية في دبي فلا يخلو الامر من ثمة منازعات بين المشترين المستثمرين و بين المطورين العقاريين، و ذلك نظرا لضخامة و كثرة التعاملات العقارية في دبي .
وفي حال واجه الشخص أي من أشكال المنازعات العقارية، فإنه من الأفضل التواصل مع محامي عقاري في دبي – متخصص في قانون العقارات في دبي – لديه الخبرة الكافية التي تؤهله للعمل في مثل هذه القضايا، من أجل التعرف على ما تضمنته القوانين بشأن معالجة هذه المنازعات وكيفية الحصول على الحقوق وغيرها من الأمور التي لا غنى عنها في ذلك المجال
Under UAE VAT legislation, detailed tax invoices are to be issued by VAT-registrants for assessable goods or services supplied to other VAT-registered businesses. This is provided that the provisions surpass Dhs10,000. A detailed VAT invoice is often for merchants and wholesalers managing higher amounts of taxable supplies.
A VAT invoice in the UAE must contain this information in English/Arabic:
A unique invoice number (sequential, for identification purposes)
The date on which a tax invoice was issued, plus the date of supply (if they’re different)
Legal name, tax registration number, and address of the taxable person
Legal name, tax identification number, and address of the customer
Description, quantity, and type of sold goods or description of provided services
To unite price for goods/services goods, excluding the VAT charge
Rebates or discounts provided (not added in good/service’s unit price)
Total VAT amount payable (must be in AED)
Method for calculating the profit margin
Method for calculating VAT (standard, exemption, or zero rates)
The label “Tax Invoice” presented visibly on the tax document
تعد الخسائر من أعتي واشد الأسباب قوة التي معها تضطر الشركة إلي طلب حلها وتصفيتها، والتصفية نوعان رضائية أي باختيار أصحاب الشركة او حملة الأسهم او قضائية وهي هنا تكون جبرا حيث تحكم المحكمة في حل وتصفية الشركة و تعين مصف لتصفيتها، والمسألة وان كانت – مما تقدم ذكره – تبدو بسيطة فهي ليست كذلك خاصة في حال ما إذا كانت الشركة المراد تصفيتها و حلها كبيرة متعددة الأفرع و الأنشطة و عليها من الديون و الالتزامات الكثير كما و قيمة مما معه تكون التصفية تدريجية، و في مثل تلك الحالات قد تستغرق عملية التصفية سنوات
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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1. COMMON CAUSES OF BANKRUPTCY
https://farahatco.com/blog/reasons-why-people-go-bankrupt-in-uae/
2. Int.
• Every day, thousands file for bankruptcy to get out of a serious debt problem they
are facing affecting the persons bank accounts and lives. Causes leading someone
to this unfortunate situation are many and here we will attempt highlight some of
the more common ones. Regardless of the cause, bankruptcy is go-to solution for
a lot of people finding themselves in financial dire straits.
3. What are the causes of Insolvency Bankruptcy in UAE?
• Medical Expenses
• Sudden Unemployment
• Living beyond your means
• Divorce or Separation
• Unexpected Expenses
4. 1- Medical Expenses
• Medical expenses count for a large number of bankruptcy cases due to exorbitant
hospital bills or time lost from work owing to serious injury. At times even stellar
health insurance cannot protect you from complex disease treatment or expensive
operations that can land you several thousands in debt. As last resorts people may
dig in to their life savings, home equity or funds put aside for their children’s
education in order to keep up with these spiraling medical bills.
• When the money runs out bankruptcy maybe the only course of action left for the
patient.
5. 2- Sudden Unemployment
• 2020 has been a very unpredictable period due to Covid-19 seeing millions losing
their jobs because of it. Due to these layoffs or advised resignations this sudden
loss of income can be extremely devastating.
• If no money has been put aside for a rainy day it can very hard.This is because
mandatory payments like rent, loans, car payment and education cannot be paid.
Once again – Bankruptcy may be your only recourse.
6. 3- Living beyond your means
• This one is common and comes about when people cannot keep up with the
lifestyle they are trying to live. In time – they cannot afford to pay even the
minimum payment requirements for these things. Collecting funds from nearest
and dearest buys some time to try repair their situation. However, if all is not
rectified by the borrower filing for bankruptcy maybe the only option.
7. 4- Divorce or Separation
• Divorce is a big expense to many since one household will now become split in
two.This raises expenses exponentially while also affecting incomes for either of
both parties. If you co-signed or opened a joint account with your soon-to-be-ex
you may still be liable for that debt. Add to all of this exorbitant lawyer fees, the
separation of assets, possible child support and the possibility of two households
up keeps maybe too much for one to bear.
8. 5- Unexpected Expenses
• Significant loss can come about from natural disasters such as floods, earthquakes
and floods and having no insurance. Other things such as thefts and fires can also
lead to the same result of bankruptcy.
9. Approved Liquidators in UAE
• From the information that we’ve given, we here at Farahat & Co recommend that
businesses in UAE evaluate the financial position of their companies, devise debt
recovery strategies, and formulate credit repayment strategies together with
approved UAE liquidators.This may be negotiating short term deferments and
increasing length of repayment of debts plans.
• When a business is still unable in settling its debts, it is always a good idea to seek
legal advice and financial advice from experts on the company liquidation process
in Dubai UAE. A seasoned liquidators in Dubai will be able to present you with
options in dealing with your specific issues and address your business’ needs and
requirements. We are also able to tailor solutions based on your personal
preferences.
