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So these are my questions:
1). How do I file for Personal Insolvency and how much will it cost me all in all? I don't have much.
2). In order to obtain personal loans in Dubai, I had to sign blank post-dated checks (in favor of the bank). Eventually, when checks bounce in the UAE, this automatically results in both criminal and civil case in THAT country. My question is, if my bad debts are written off by the bank and sold to collection agencies, will I be liable for the bounced checks originally in favor of the UAE bank, through these collection agencies, hence be charged of estafa in the Philippines? In other words, is this legal power to file a case against bounced UAE checks transferable to collection agencies here?
(P.S. I lost my job abroad in 2009 due to redundancy. These loans were 9 years ago. All my money from my job (last salary + gratuity) went to cover as best as I could for the loans when I left. Collections have surfaced again because it probably quadrupled in amount). Please help. Bumabalik ang trauma.
1). How do I file for Personal Insolvency and how much will it cost me all in all? I don't have much.
2). In order to obtain personal loans in Dubai, I had to sign blank post-dated checks (in favor of the bank). Eventually, when checks bounce in the UAE, this automatically results in both criminal and civil case in THAT country. My question is, if my bad debts are written off by the bank and sold to collection agencies, will I be liable for the bounced checks originally in favor of the UAE bank, through these collection agencies, hence be charged of estafa in the Philippines? In other words, is this legal power to file a case against bounced UAE checks transferable to collection agencies here?
(P.S. I lost my job abroad in 2009 due to redundancy. These loans were 9 years ago. All my money from my job (last salary + gratuity) went to cover as best as I could for the loans when I left. Collections have surfaced again because it probably quadrupled in amount). Please help. Bumabalik ang trauma.
