Loan Payment Options of a Terminated Employee

jen.forte0889 · 1 Loan Payment Options of a Terminated Employee Mon Apr 22, 2013 12:30 am

jen.forte0889

Arresto Menor

Posts : 2
Join date : 08/11/2012

An Employee was terminated due to Breach of Trust & Confidence with a pending illegal dismissal complaint at the National Labor Relations Office. Said employee still has outstanding personal loans to the Employer. Due to the unexpected and sudden termination of employment, can he avail of a loan moratorium? Is it possible to suspend the payment of the loan while the case is awaiting for resolution? Can the employee request for loan restructuring? What payment options/remedies can he avail of while he is still unable to secure new employment?

Thank you.

Drummer Boy · 2 Re: Loan Payment Options of a Terminated Employee Mon Apr 22, 2013 10:27 am

Drummer Boy

Arresto Menor

Posts : 36
Join date : 18/04/2013

The decision lies with the creditor or the employer. Offer a compromise scheme.

Loan Payment Options of a Terminated Employee

1 Loan Payment Options of a Terminated Employee Mon Apr 22, 2013 12:30 am

jen.forte0889

2 Re: Loan Payment Options of a Terminated Employee Mon Apr 22, 2013 10:27 am

Drummer Boy