1. Does the cooperative have a case against my wife? If yes, what charges should we expect?
2. According to our source, the coop claimed that my wife's outstanding loan was 17k Php. They calculated an interest of 20k for the past 8 years which jacks up the outstanding amount to 37k. That is what they are planning to claim from my wife. Is this legal?
3. We never heard anything from the cooperative for the past years. They raised the issue only last week after more than 8 years of being dormant. Is it still valid?
4. My wife took out the loan when she was still single. She's been unemployed since 2006. Can the cooperative still claim payments from her given that she doesn't have any source of income?