Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password

You are not connected. Please login or register

toxic loan? or what?

Go down  Message [Page 1 of 1]

1 toxic loan? or what? on Fri Jul 27, 2012 11:25 am


Arresto Menor
hi, everyone.. just wanted to ask if how a bank can recover a loan wherein the collateral is insufficient to meet the outstanding loan. Nag-grant po kasi sila ng loan for 900,000 pesos tapos yung collateral is a truck lang... very insufficient talaga and yung debtor, wala ng pambayad kasi hindi enough yung source of income nya. negligent daw sa pag background check yung C.I.... ano po ang dapat gawin dun? madidismiss ba ang C.I.? please help... thanks! Question confused

View user profile

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum