New insolvency law: What it means for you

Jan 07, 2020, 09:08 AM
Helping UAE residents resolve their chronic debt issues has been a mission of The National since it launched The Debt Panel in April 2016.  Since then we have received hundreds if not thousands of letters with about 200 people receiving constructive advice from our panel of six personal finance experts.

In November 2019 it was announced that a new personal insolvency law, which comes into effect in January 2020 would help people with debt. The new law will help borrowers struggling to make repayments resolve their financial difficulties without the fear of persecution.

Host Alice Haine, the personal finance editor of The National, is joined by Rory Reynolds, The National’s news editor and Matthew Dyson, an associate at law firm Pinsent Masons to explain more about the law.

In this episode:
Intro (0m 04s)
What is the insolvency law? (1m 06s)
How the insolvency law works (7m 07s)
Listener's question (14m 08s)
Success story (18m 34s)