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BP 22......

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1 BP 22...... on Wed Nov 09, 2011 11:52 pm

carlo31


Arresto Menor
hi i hope you can help me...i have loan to a bank and unfortunately i wasnt able to settle my dues. i have already received demand letter. im willing to make a settlement however the amount that they're asking iss triple to the amount i borrowed. is there any way that i can lesser the amount that i need to pay?thanks for the help

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2 Re: BP 22...... on Thu Nov 10, 2011 11:33 pm

attyLLL


moderator
did you issue checks?


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3 Re: BP 22...... on Fri Nov 11, 2011 8:47 am

carlo31


Arresto Menor
yes i did.but that was for the principal amount plus interest. im willing to pay the total amount in amicable settlement but the total that they;re asking is triple the amount that i borrowed.i know that there would be penalties.

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4 Re: BP 22...... on Sat Nov 12, 2011 10:45 pm

attyLLL


moderator
you or your spouse should avoid personally signing for any demand letters. all you can do now is to keep negotiating with them.


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Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
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5 Re: BP 22...... on Sun Nov 13, 2011 3:28 pm

carlo31


Arresto Menor
thanks atty for your help. but im quite afraid with the content of their demand letter. it says that they will request to seize my personal properties even garnishing my salaries and bank deposits:(

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6 Re: BP 22...... on Mon Nov 14, 2011 11:53 pm

attyLLL


moderator
that is standard language. i know it's hard for you, but we just shrug at that kind of stuff.


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Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
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7 Re: BP 22...... Today at 11:55 am

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