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Industrial Partner: Lending Business (Nalugi pero pinapasalo ang payment sa Banko)

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Aycee Almira

Arresto Menor

This is a very rare case pls. and I need some advise.

1. July 2015 we started loan business
a. general partner - capital source nya pero loan sa bank
b. industrial partner - "me" who manage the business

2. July 2016 - nag start na hndi n ko makahhulog sa bank due to nalugi na ung business dahil sa mga hndi nabayaran na interest kaya nabwasan to naubos c capital

3. Aug.2016 - Feb, 2016 - hndi na ko nakabayad sa bank and sinalo ni general partnet ung payment

4. si General partner kumuha pala ng pera through reloan sa bank.

5. Feb. 2017 she brought it up sa Brgy. 1st time, pero hang muna kc hndi natapos wala napag agreehan

6. Mar. 2017 pinapag repare ako ng letter na icocover ko na daw ung reloan nya ng bank for 3 yrs.

Other details:
a. 1st loan used for the business is clean slate na sa bank due to reloan nya.

b. 1st loan dapat 1yr mahigit nalang ako, kaso para nga daw hndi masira name nya nag reloan sya tapos naging 3 yrs to pay at higher price from 24k naging 33k monthly

c. we have pending case sa brgy at gngulo nya ko even sa work.

d. she wants me to prepare a letter na ako na mag babyad sa bank monthly

That's the story can someone give me legal advise pls.
I'm looking for help since i don't have money to get a lawyer:!: Exclamation

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