Best Bankruptcy & Debt Lawyers in Mandaluyong City

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ACE Law Office

ACE Law Office

Mandaluyong City, Philippines

Founded in 2023
10 people in their team
English
Tagalog
We are a Philippine-based law firm focusing on Family Law (including annulment, nullity of marriage, and recognition of foreign divorce), Real Estate Law, and Civil Litigation, among other practice areas.Our approach is client-centered and solution-oriented. We take pride in being responsive,...
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Philippines Bankruptcy & Debt Legal Questions answered by Lawyers

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Is an OFW /expatriate in UAE with an existing bank loan can have a travel ban order in our country?
Banking & Finance
Bankruptcy & Debt
Hi, there may be a helpful answer of your querry,Unpaid personal loans or credit card debt (even if it's from a UAE bank) are considered civil cases, not criminal offenses under international law.Interpol is usually involved only for serious criminal charges (like fraud, human trafficking, terrorism, etc.) — not for consumer debt. So, unless your bank in UAE converted the case into a criminal case for fraud (which is rare unless fake documents were used), Interpol will not be involved.Some UAE emirates allow people to check police cases online using passport number:Dubai Police: https://www.dubaipolice.gov.aeNavigate to: Criminal Status of Financial CasesYou can use your Emirates ID number or passport numberAbu Dhabi Judicial Department: https://www.adjd.gov.aeNote: You may need a UAE mobile number or login credentials in some cases.If there’s an active police case or travel ban filed by the bank:You may be detained at immigration upon arrival in the UAEOr denied entry altogetherBut if no case is filed, then re-entry may be allowed (though risky without checking first).For proper assistance we need more details thanks.ISLAW FIRMEMAIL: [email protected] / WEBSITE: islaw.com.pk / Whatts App No: 00923219289992
Can a lender sell the property pledged by default lender?
Bankruptcy & Debt
Debt & Collection
Contract
No. That is not allowed by law. 

About Bankruptcy & Debt Law in Mandaluyong City, Philippines:

Bankruptcy & Debt Law in Mandaluyong City, Philippines involves legal processes related to individuals or businesses that are unable to repay their debts. It provides a way for debtors to eliminate or repay their debts under the protection of the court.

Why You May Need a Lawyer:

You may need a lawyer for various reasons when dealing with Bankruptcy & Debt issues. Some common situations where legal help is necessary include negotiating with creditors, filing for bankruptcy, understanding your rights and options, and defending against debt collection lawsuits.

Local Laws Overview:

In Mandaluyong City, Philippines, Bankruptcy & Debt Law is primarily governed by the Financial Rehabilitation and Insolvency Act (FRIA). This law provides the legal framework for debt restructuring, insolvency proceedings, and bankruptcy in the country.

Frequently Asked Questions:

1. What are the different types of bankruptcy in Mandaluyong City?

In Mandaluyong City, the primary types of bankruptcy are individual bankruptcy and corporate bankruptcy. Individual bankruptcy applies to individuals who are unable to repay their debts, while corporate bankruptcy applies to businesses facing financial distress.

2. How does the bankruptcy process work in Mandaluyong City?

The bankruptcy process in Mandaluyong City typically involves filing a petition for bankruptcy, attending court hearings, creating a repayment plan, and receiving a discharge of debts. It is important to follow the legal steps accurately with the help of a lawyer.

3. Can bankruptcy stop creditor harassment in Mandaluyong City?

Yes, filing for bankruptcy in Mandaluyong City can stop creditor harassment as it initiates an automatic stay, which prohibits creditors from contacting you or taking legal action against you for the duration of the bankruptcy process.

4. Can I keep my assets if I file for bankruptcy in Mandaluyong City?

It depends on the type of bankruptcy you file for and the exemptions available in Mandaluyong City. Some assets may be protected from liquidation or seizure during bankruptcy proceedings, but it is crucial to consult with a lawyer to understand your specific situation.

5. How long does bankruptcy stay on my credit report in Mandaluyong City?

Bankruptcy can stay on your credit report in Mandaluyong City for up to 7 or 10 years, depending on the type of bankruptcy filed. It may impact your credit score and ability to obtain credit in the future.

6. What are the alternatives to bankruptcy in Mandaluyong City?

Alternatives to bankruptcy in Mandaluyong City include debt negotiation, debt consolidation, debt settlement, or financial counseling. These options may help you manage your debts without resorting to bankruptcy.

7. Can student loans be discharged through bankruptcy in Mandaluyong City?

Student loans are generally not dischargeable through bankruptcy in Mandaluyong City unless you can prove undue hardship. It is a complex legal process that requires the expertise of a lawyer.

8. How can a lawyer help me with my bankruptcy case in Mandaluyong City?

A lawyer can assist you with filing paperwork correctly, negotiating with creditors, representing you in court hearings, protecting your assets, and guiding you through the bankruptcy process in Mandaluyong City.

9. What are the consequences of not paying debts in Mandaluyong City?

If you fail to pay your debts in Mandaluyong City, creditors may take legal action against you, such as filing a lawsuit, obtaining a judgment, or initiating debt collection activities. It is important to address your debts proactively to avoid severe consequences.

10. How can I find a reliable bankruptcy and debt lawyer in Mandaluyong City?

You can find a reliable bankruptcy and debt lawyer in Mandaluyong City by seeking referrals from friends or family, conducting online research, contacting local bar associations, or scheduling consultations with potential lawyers to discuss your case.

Additional Resources:

For additional resources related to Bankruptcy & Debt in Mandaluyong City, Philippines, you can contact the Mandaluyong City Hall, the Integrated Bar of the Philippines - Mandaluyong Chapter, or the Philippine Association of Bankruptcy and Debt Counsellors.

Next Steps:

If you require legal assistance in Bankruptcy & Debt in Mandaluyong City, Philippines, it is recommended to schedule a consultation with a qualified lawyer specializing in this area of law. The lawyer can assess your situation, provide legal advice, and guide you through the necessary steps to resolve your debt issues effectively.

Lawzana helps you find the best lawyers and law firms in Mandaluyong City through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy & Debt, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Mandaluyong City, Philippines—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.