Securing Payment from a Debtor with No Funds
Client: A retail supplier in the UAE
Debt Amount: AED 300,000
What’s The Challenge?
The debtor claimed to have no funds or assets to settle the debt, leaving the client uncertain about pursuing legal action.
What’s The Solution?
We advised the client to proceed with a legal case despite the debtor’s financial status. After securing a favorable court judgment, we took decisive enforcement actions, including:
Imposing a travel ban on the debtor.
Freezing the debtor’s bank accounts.
Placing restrictions on their trade licenses and traffic files.
For a year, these measures ensured that the debtor was unable to conduct business or travel freely.
Outcome:
Approximately one year later, the debtor contacted us, urgently seeking a settlement to lift the travel ban as they needed to travel for personal reasons. A full settlement of the AED 300,000 was reached, demonstrating the effectiveness of persistence and legal enforcement.