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Showing 1–2 of 2 articles for “debt forgiveness”

Condonation in Foreclosure: Defining the Scope and Effect of Debt Forgiveness

The Supreme Court clarifies when condonation of a deficiency after foreclosure takes effect and its scope, with practical lessons for debtors and creditors.

Verbal Promises to Forgive Debt: Why Philippine Law Demands Written Agreements

Philippine law requires written agreements for debt forgiveness. Learn from PLDT v. NLRC why verbal promises are risky and how to protect your rights.