Dubai Courts help financial defaulters with Dh1.1M fund

dubai —The Dubai Courts has launched an initiative to alleviate the stress and burdens of financial defaulters, indebted in the execution of financial lawsuits, in collaboration with a bank.

The initiative comes in line with the announcement by the President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan, that 2018 is the Year of Zayed.

As many as 34 such cases have been examined and settlements worth about Dh1,196,000, have been made.

Taresh Al Mansouri, general director of the Dubai Courts, said the initiative came after studying all the aspects of pioneering projects that the directorate and its sectors could do to help the community.

Chief Justice Abdullah Al Kaitoub, of the Execution Court and

Contributing in settling defaulters’ debts helps cross obstacles towards maintaining family and social stability.” Abdelrahman Al Hammadi, chairman of the committee

general supervisor of the committee of the initiative, said its purpose was to strengthen the mechanism of mutual cooperation and coordination among all parties and enhance its effectiveness. “It is part of our continuous endeavours to boost the responsibility principle towards better service of the community by working out concrete and practical initiatives.”

Judge Abdelrahman Al Hammadi, committee chairman, said that the initiative goes a long way in achieving mutual strategic goals. “Contributing in settling defaulters’ debts helps cross obstacles towards maintaining family and social stability. It is also a step forward as we have always been keen to contribute in supporting the relentless efforts exerted nationwide; those efforts that aim at securing a better life for modest families and helping needy individuals and others with low income.”

Cases which benefitted from the plan were selected on health, social and financial bases, including a woman with cancer and no family and no source of income, to be able to settle her dues. Another man, who had been served an execution warrant, was elderly with no source of income and dues dating back to 15 years. Another was a sole breadwinner suffering serious kidney problems. Other defaulters deemed incapable of affording to repay their debts were selected to benefit from the scheme.

mary@khaleejtimes.com