Apparently last Feb 4, I received a FINAL DEMAND LETTER from the hospital pertaining to the HOSPITAL BILL (now in 1.4m)that my father in law did'nt pay. we, my husband and I was alarmed because we're just starting our life, we talked to his father and ask what happened and what we should do about this, he just said, he didn't pay it because he can't, he's full of debt and his company was in now bankrupt and he was planning to file bankrupcy.
Asking your legal advice on what to do to address this matter? The documents we signed say: "in case of non-payment in due date and this NOTE is entrusted to an Attorney-at-Law for collection, the maker/s and endorser/s shall pay 20% of the total amount due on this NOTE as collection fees. If court litigation shall be availed of to endforce payment, the DEMAND and notice of dishonor are hereby waived. Holder may accept partial payment and his right against any andf all endorsers are retained not withstanding such partial payment.
Please help us, my father in law will planning to run away by end of March. My husband and I want to face this but we only earn enough for our family, a total of 30k amonth only.