16 June 2019
Dear Sir, I have lost my job in UAE and my outstanding loan amount AED 120,000 not paid due to don�t have that much money, currently iam India. Iam getting the calls from collection agent from India. Please advise what will be consequence Iam going to face. They can file any case against me. Now a days I can�t sleep in night. I have little property in my name and wife name.( it is registered under both of our name) is there is any chance that they can take over the preperty.
17 June 2019
Normally any loan taken is repayable irrespective of losing job. If you have copy of loan agreement, you can consult local lawyer to pursue one time settlement or take advise to pursue as per governing law for the same.