Bankruptcy Services

We provide services to 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.

Why choose Al-Sharid to help you with your bankruptcy case?

Al Sharid is one of the first Firms to handle Bankruptcy Cases in the UAE Courts.
We can offer you effective solutions in one of the following areas:

Bankruptcy Advisory
- Advising the client who is facing financial difficulties by reviewing and analysing 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.
Bankruptcy Trustee
- 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.

Our approach to providing bankruptcy services

We take a proactive approach to providing bankruptcy services.

After discussing your situation with your team, we can advise you about whether or not you should file for bankruptcy. If we conclude that you should, we will then work by your side to ensure that your bankruptcy filing will be successful.