UAE debts and what to do ?
My father used to own a maintenance company in the UAE. Due to poor management, the business fell into heavy debt around 2018. He had maxed out around 7–8 credit cards and was unable to repay them. On top of that, the company failed to pay VAT, resulting in many administrative penalties and additional liabilities. Some banks are claiming a principal amount of around AED 300,000, while others have continued adding interest and other charges. My mother was the owner of the company, and my father was the Managing Director. The business is now closed, and my father is no longer able to work. I feel completely clueless about where to start or what to do next.he have a debt maybe after principal 800000 what all can I do to make him exit UAE . As I am teenager I don't know what to do only my sister works now. My mother and father doesn't have visa now . They are overstaying for 6 years