To start with, I had a business deal w/ my officemate last end of Nov 2009 in the total amount of Php50,000.00
We both agreed that it will incur 5% interest rate/month, unfortunately, without a written agreement.
She issued postdated checks as my guarantee.
Come 30May (Check Date w/ an amount of P65.000.00)
The check bounced!!
After that issue, I asked a written promissory note and an a acknowledgment letter that she received a money from me.
She promised to pay a break down of
Php 22,000.00 >> 30Jul2010
Php 22,000.00 >> 30Aug2010
Php 21,000.00 >> 30Sep2010
My concern is, she did not pay on the very first date of the promissory note..
Never talaga siya nag advise ever..
Nakapag process na po ako ng demand letter -- registered mail
Nakipag negotiate siya w/ her lawyer last 20Aug2010.
My demand is for her to pay in full or if by installment, until sept30,2010 lang w/ 5%interest from June.
But it end up na nag add lang ng P6,500.00 so total of P71,500.00 lang po and payable until Dec30,2010
Dapat magbayad sya ng P30,000.00 until 30Sep2010.
Tapos yung the rest staggard na..
INsatead of filing the case is it worth it na maghintay kame til Dec30 or I should have filed the case..
Naisip ko kase small amount lang 'to pag dating sa court tapos mag undergo din kame mediation diba?