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Good Day,
Need Legal Advice;
I with 4 others put up a small Business under a "Corporation". Unfortunately our Business went bankrupt. However we incurred "Business Loans", but I used my personal checks to pay for the loans as we did not have a check account under the name of our Business. Now our business closed before we finished paying the loans approximate not more than 4k left to pay. However I just found out that I have a hit with the NBI because of a BP22 case, and upon going to the MTC, I found out that I have a warrant of arrest and that I need to pay a cash bail of P2,500 to lift the warrant.
My question is how liable am I to pay the loan since this is a Corporate Business Loan though I used a personal check for the payment?
Thanks and have a great day.
Need Legal Advice;
I with 4 others put up a small Business under a "Corporation". Unfortunately our Business went bankrupt. However we incurred "Business Loans", but I used my personal checks to pay for the loans as we did not have a check account under the name of our Business. Now our business closed before we finished paying the loans approximate not more than 4k left to pay. However I just found out that I have a hit with the NBI because of a BP22 case, and upon going to the MTC, I found out that I have a warrant of arrest and that I need to pay a cash bail of P2,500 to lift the warrant.
My question is how liable am I to pay the loan since this is a Corporate Business Loan though I used a personal check for the payment?
Thanks and have a great day.
