Bankruptcy & Insolvency - Litigation

Expertise & Experience

Benefit from our expertise

Bankruptcy & Insolvency - Litigation

The NYK Law Firm provides the aid of attorneys skilled in Insolvency and Bankruptcy law and ensures that our specialist attorneys are immediately involved in handling cases. We are familiar with the UAE’s bankruptcy laws, and our main objective is to secure a realistic conclusion for our clients. We work in close collaboration with financial professionals and advisors and are familiar with local bankruptcy and insolvency regulations. We also offer guidance on protective composition procedures (PCPs).

Experience and technical partnerships keep us apprised of virtually every possible case scenario, ultimately permitting us to recommend appropriate debt solutions or successful debt management strategies. In addition, we assist with required paperwork and applications.

Hot topics that may arise in Bankruptcy & Insolvency

How long do you stay on the insolvency register?

Three months. Your details will normally remain on the register until three months after you’ve been discharged from bankruptcy. Your bankruptcy will also appear on your credit file for six years.

What percentage of bankruptcies are denied?

Less than 1% of bankruptcy applications are rejected by the Insolvency Service, so you need to stop worrying and find out the facts. What happens if a bankruptcy application is refused? Do you have a better alternative?

What happens when bankruptcy is declared?

When you file for bankruptcy, you get an automatic stay, which puts a block on your debt. Such stays prevent creditors and collections agencies from pursuing debtors for amounts owed. While the stay is in place, your wages can’t be garnished and creditors can’t go after any secured assets.

Key Contacts

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We use our knowledge and experience to provide a complete legal service to clients in our core sectors.

Our 12 offices around the globe are always open for you. Our legal professionals work hand to hand to ensure we efficiently cover legal inquiries across our practice zones. Thank you for your interest in NYK Law Firm.

“Liberty is the right to do what the law permits.”

Montesquieu

plan of action

A personalized treatment for each case

Some cases may look alike but not always to the details. We always make sure we understand our clients to the nearest detail so we can provide optimal support. We take your issue and transform it to an opportunity so you make full profit from it.