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In Dubai, the legal procedures for retrieving the debts are well controlled. Debt recovery is a mechanism by which the debtor pursues outstanding interest.
Traces of the debts can be found from the ancient times of the barter system. That was when people were selling commodities and servicing other goods and services.
There are circumstances where companies are required to validate payments made by their clients or partners, and debt collection is important for Dubai companies in some cases.
A debt is a financial obligation against a provided contract, commodity, loan or any other responsibility that has a benefit of money on a person or organization.
The legal process established for debt recovery is well controlled. Many money cases are still being settled with the bailiffs mostly involved in the final stages through the Trial
