The Debt Collection seems difficult, because of the language and cultural differences. The ex-pats find it confusing because they do not fully understand the laws. Layman always does not know about the Law. The Employment Disputes like Unpaid Salaries, and Unpaid End of Service Benefits, can also be managed and recovered through the Debt Recovery Process and the Debt Collection team. It can Therefore when debt recovery has to happen, one needs to find good debt recovery services and Law Firms. Those agents know the Laws in Dubai and understand the ways to fully support the Recovery of the client’s funds. Though “Labour and Employment Matters” are supposed to be covered by the Labour and Employment Lawyers but if the matter has to be dealt with outside the court then simple collection teams can also be hired. Nowadays the trends have changed where the recovery agent is more than the recovery agents. They are the established lawyers and legal consultants. They are mostly from the Dubai Law Firms and most probably the Advocates as well. Lets us tell you first about the “Collection Process”, and how it helps the Employees to resolve Labour and Employment Disputes.
- Legal Notices can also be served by these Recovery agencies cum Law Firms. The special or general Power of Attorneys is to be provided.
- Legal Mediation can be performed.
- Negotiations, Give and Takes can be performed.
- Disputes can be settled outside the Court.
- Employers pay Employees and Employees pay back to Employers.
- Pending Notice periods are served.
- Filled Cases can also be taken back. Decisions taken can also be taken back.
A Few About Debt Recovery
Though there are many debt recovery dubai agencies, very few have good reputation. The debt collection has a complete procedure in Dubai. The case is reviewed by the debt collection company. It may require more documents and may take time to arrange those documents from the client’s side. The person is called once to remind him of debt collection. If he does not respond, then the procedure is long. It depends on the debt recovery agent if he can manage to collect debt from any type of client.
For any debt recovery company, the clients are really important. Therefore, they try to ensure that the debt recovery can be done according to the client’s requirements. Sometimes, the other party is rigid and may need more strictness to recover the debt. Keeping up with the company’s reputation, things may get really difficult on the way.
The debt collection agencies have also made a user-friendly interface for their clients that can have effective results at the end of the day. To smooth the process of debt collection, tech-driven solutions are designed by many debt collection agencies.
A few debt collection companies have the policy of “No Collection-No Fee”. It means if the debt collector is unable to recover the amount, he will not charge the client for the services unless legal action is not taken against the other party.
The important thing to know is that the debt collection procedure is time taking. It may take around 3-5 months to recover a debt. Hence, if you have a company debt to recover, you need to get going with the company’s cash flow for expenses. One way to avoid debt collection is to change the credit policy. Businesses and Debt Collectors are connected with each other
