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Showing 1–4 of 4 articles for “debt settlement”

Compromise Agreements Ensuring Mutuality AND Enforceability IN Debt Settlements

Philippine Supreme Court approves compromise agreement in debt settlement, highlighting mutual concessions and clear terms for enforceability.

Priority of Interest Payments in Foreclosure: When Debt Settlement Falls Short

Learn how the Supreme Court applies Article 1253 in foreclosure cases—payments first cover interest and penalties before principal.

Dacion en Pago Without Consent Cannot Nullify Debt Settlement

Philippine Supreme Court clarifies that dacion en pago requires mutual consent; a mere proposal or appraisal does not perfect the agreement.

Bouncing Checks and Debt Settlement: When a Check's Purpose Doesn't Excuse the Funds

Philippine Supreme Court ruling on BP 22: the purpose of a check doesn't matter—issuing a bouncing check is punishable, even if meant as a guarantee.