Insolvency and Bankruptcy Advisory in the UAE

When a company can no longer pay its debts, directors face difficult decisions with legal consequences. Continuing to trade, paying some creditors ahead of others or delaying action can increase personal exposure. Getting independent financial advice early is essential.

Dawn Consultancy advises companies, directors, shareholders and creditors on insolvency situations in the UAE. We assess the financial position, explain the available routes, and work with your legal counsel through restructuring, bankruptcy or orderly closure.

The UAE framework

The UAE Financial Restructuring and Bankruptcy Law provides court-supervised procedures that allow a debtor to restructure its obligations or, where recovery is not possible, to be declared bankrupt and have its assets realised for creditors. Formal procedures are conducted through the courts with legal representation, and trustees are appointed under the court’s supervision.

How we help debtors and directors

Independent assessment of solvency, cash flow and balance sheet position
Explanation of the options: informal restructuring, formal procedures or solvent liquidation
Preparation of financial information and statements of affairs required in proceedings
Restructuring plans and creditor proposals
Support to directors in understanding their obligations
Coordination with legal counsel throughout

How we help creditors

Analysis of the debtor’s financial position and recovery prospects
Review of claims and supporting documents
Assessment of proposals put forward by a debtor
Financial support in court proceedings alongside your advocates

Our approach

Assess the true financial position quickly and objectively.
Advise on the realistic options and their consequences.
Prepare the financial information required by creditors or the court.
Support negotiations and proceedings alongside legal counsel.
Close out through restructuring, liquidation or completion of proceedings.

Related services

Where a business is under pressure but still viable, see our financial restructuring service. Where a solvent company is closing, see our company liquidation service.

Frequently asked questions

What is the difference between liquidation and bankruptcy?

Voluntary liquidation is typically used to close a solvent company that can pay its debts in full. Bankruptcy is a court process for a debtor that cannot pay its debts, under which assets are realised for creditors.

When should directors seek advice?

As soon as the company is struggling to pay debts as they fall due. Early advice widens the options and helps directors act properly.

Can a company restructure instead of going bankrupt?

Yes. The UAE framework includes restructuring procedures, and many businesses also agree informal arrangements with creditors. We assess whether restructuring is realistic.

Do you act as lawyers in bankruptcy cases?

No. We provide financial and accounting advice and work alongside your legal counsel, who represent you before the courts.

Speak to our team

Call +971 55 441 1036, email info@dawnconsultancy.com or visit us at Office 1509, Citadel Tower, Business Bay. Contact us to arrange a consultation.

Insolvency & Bankruptcy Advisory in the UAE | Dawn Consultancy