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


Go down  Message [Page 1 of 1]

1 INVESTOR = CREDITOR? on Wed Apr 27, 2011 10:19 am


Arresto Menor
1. Is an investor considered a creditor?

I have not subscribed any stock in the corporation but I invested my money at 1.5% interest per month for a term of six months. The corporation through its managing director issued separate "personal checks" for the monthly interest and the principal as evidence of my investment. I was also given a certificate of investment. The corporation religiously paid all the interest so I decided to renew my investment.

2. Am I an investor,or am I a creditor?

3. If the corporation where I invested money subsequently became insolvent, what should I do to protect my interest?

View user profile

Back to top  Message [Page 1 of 1]

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