Abu Dhabi: A man’s bid to be declared insolvent over debts of nearly Dh1.5 million has been dismissed by the Abu Dhabi Civil Family Court after judges ruled he failed to provide sufficient evidence of losing his assets.
Court records show the petitioner sought insolvency proceedings, claiming he had ceased commercial activity, was unemployed, and unable to meet his financial obligations. He asked the court to declare him insolvent and supervise the liquidation of his assets.