LAW FOR GOOD

GOVERNANCE

BUSINESS LAW
Business Need
• merchandise
• services
• funding

• WHAT IF DEBTOR DON'T PAY?

• How to collect?
• Remedial of Accounts
• Filing a case
SMALL CLAIM COURTS
• How much is included?
• Up to P300k
• What is the usual procedure?
• Go to the court to file the case for sum of money. It is
usually cheaper than filing in MTC or RTC.
SUPPLEMENTAL PROCESS
• Various ways to collect debt
• Asset as payment or services may be render in
payment of loan
How to classify assets and their values
1)Real Properties
2)Personal Properties
3)Chattel / vehicles

Valuation should be at its fair market value

DEED OF ASSIGNMENT
• TRESPASSING LAW
• PROPER DOCUMENTATION thru execution of Deed
of Assignment
• NOTARIZED the document to be binding
WHAT IF THE BORROWER IS
INSOLVENT?
• INSOLVENCY – inability of individual to convert their
assets into cash to pay their obligations
• SALARIED EMPLOYEE:
are those whose source of income do not come
from business dealings; sources from employer-
employee relationship
• Salary Garnishment is the partial payment of loan thru
periodic deduction from their salary
• Making Payment on Courts is a remedy when creditor
refuse payment from debtor
• Bankruptcy wherein the business do not have enough
assets to cover the liability when payments are
demanded
WHAT IF THE OFFENDER IS A
PUBLIC/GOVERNMENT or
ARMED FORCES EMPLOYEE
• Influential
• Untouchable
• Intimidating
• Bully
FILE THE COMPLAINT IN
OMBUDSMAN OR
SANDIGANGBAYAN
• Effect of case unresolved :
• no clearance for claim of retirement benefits
• this is mandatory for all government employees
upon retirement.
MONEY LAUNDERING
• the process wherein ill-gotten funds were
transmitted to legal entities for the eliminating
traces of irregularities and money then may be
recirculated regularly.
• Money laundering is the generic term used to
describe the process by which criminals disguise
the original ownership and control of the proceeds
of criminal conduct by making such proceeds
appear to have derived from a legitimate source.