all about debt

hi. i would want to take legal advice from you regarding my parents's debt. they incurred debts because they had invested the money to a scam. the debt is almost 4years now or more. i know no one is imprisoned for not paying the debt but since these people kept going to the house to collect the money. i also know that the debt is not transferable to the children. both my parents now are retired and i pity them since they had this problem for years and i wanted to help them. i wanted to stop the debt from incurring large interest. particularly on one person who is making scandalous shouting in front of our house. she is claiming around a million for the money my parents owed her. my mom recalls they had borrowed around 200 thousand not as instant but small amount by small amount until it amounted to almost 200k. the agreement is with the creditor and i am afraid if i ask proof of debt she might want to collect bigger amount and i just wanted to settle for 300k since my mom had been giving also 5 thousand or 10thousand or whatever amount every time they come to collect.please help

better ask your mother if they have previously signed any written agreement/promissory note

yes they did but i haven't seen papers since it is with the creditor.

good day po attry.
i wanna ask po an advice.kasi po nagkautang po ako ng 300K with interest of 10prcnt monthly.ATM q po ang na collateral.my husband is working abroad kya monthly dn po pagpapdla dn sa account q sa ATM.noong una po nakabayd dn ako ng interest,kaso po sa dahilang nagkasakit sa puso ang anak ko ay hindi na po ako nakapgbigay ng interest.at sa kabila nito ako din po ay nagkaroon n din ng sakit ovarian cancer stage 2 na po.ang pera po na sahod ng husband ko ay ginamit po muna sa pagpapagamot ko ngayon.pero kami po ay nangakong magbibigay paunti-unti sa aming utang,at tinaggihan po ito ng aming inutangan.ang demand po niya ay magbigay kami ng 150K ngayon.at kung di kami makabigay ay ipadampot niya ako sa pulis ayon sa kanya ay may warrant of arrest n daw po ako.ako po ay nababahala attry.sa kabila po ng kalagayan ko ngyon na may malubhang karamdaman natatakot po sa kanyang sinasabi.ako po ay nkapirma lng po sa record book niya sa panahong na recieve ko po ang perang hihiram ko sa kanya.at ang pera po ay hindi po buo n 300K,minsan po 20k biniggay niya,paunti-unti hanggang umabot na po sa 300K.willing naman po kami magbayad ano po ang gagawin ko attry?makukulong na po ba ako?salamat po

good day rose.

im not yet an attorney. that is why you have to seek the advices of a real and full-fledged (correct spelling itong full-fledged/ hindi ho iyan full-pledged) lawyer talaga. pero kahit kung lawyer man ako, its best if you seek the advices of a lawyer personally kasi delikado if iasa at idepend niyo ang buhay at kinabukasan niyo s advices dito s internet lang. delikado. mas ma appreciate ng real lawyer iyan if mag usap kau sa personal.

if di ka naka issue ng cheke at hindi ka naka perma ng trust receipt, or hindi ka nagmortgage ng lupang hindi sa iyo (as collateral), i see no reason why you should be criminally charged. kung di ka ma filean ng criminal case, hindi ka makukulong. if at best, ang kasong mafile sa iyo is civil case. again, delikado ito na advice kasi you should reveal all the facts to a lawyer in personal. di namin alam dito if anong nangyari talaga.

so ang advice ko sa iyo is pumunta ka ng lawyer at mag usap kau in personal.

me tip nga pala ako. tell the lawyer kung ano ang nakasulat doon s pinirmahan mo. recall all the words na nabasa mo doon word for word. kasi if promissory note iyon, me civil liability ka talaga. so ang promissory note ang foundation ng civil liability.

another thing is baka iyong pinirmahan mo is money ng nagbigay ng pera to be applied for a specific purpose tapos di mo na apply s specific purpose ( kahit in reality nanghiram ka ng pera pero basahin mo iyong pinirmahan mo kasi maraming mangugulang na lender). estafa iyon. depende kasi if anong pinirmahan mo. kaya dapat isabi mo lahat s lawyer mo.

advice lang ito ng isang kaibigan. hindi ho galing sa lawyer.