Scribd Logo
Upload

Welcome to Scribd!

  • 5K views

    Demand Letter For Collection of Sum of Money

    Uploaded by

    Jackielyn Krystyl Bana
    The letter is a formal notice to Mr. Madelne Godeve Rebotazo that he is in default of a P320,000 loan obligation plus 5% monthly interest to Mr. Leigh L. Quijano. To secure the loan, Mr. Rebotazo issued three checks totaling P320,000 that were returned unpaid by the bank as the account was closed. Mr. Rebotazo is given 30 days to pay the full amount due or legal action will be taken, including legal proceedings to recover the amount owed plus interest and expenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Demand Letter For Collection of Sum of Money

    Uploaded by

    Jackielyn Krystyl Bana
    5K views1 page
    The letter is a formal notice to Mr. Madelne Godeve Rebotazo that he is in default of a P320,000 loan obligation plus 5% monthly interest to Mr. Leigh L. Quijano. To secure the loan, Mr. Rebotazo issued three checks totaling P320,000 that were returned unpaid by the bank as the account was closed. Mr. Rebotazo is given 30 days to pay the full amount due or legal action will be taken, including legal proceedings to recover the amount owed plus interest and expenses.

    Original Description:

    hghjjhj

    Original Title

    Demand Letter for Collection of Sum of Money

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The letter is a formal notice to Mr. Madelne Godeve Rebotazo that he is in default of a P320,000 loan obligation plus 5% monthly interest to Mr. Leigh L. Quijano. To secure the loan, Mr. Rebotazo issued three checks totaling P320,000 that were returned unpaid by the bank as the account was closed. Mr. Rebotazo is given 30 days to pay the full amount due or legal action will be taken, including legal proceedings to recover the amount owed plus interest and expenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    5K views1 page

    Demand Letter For Collection of Sum of Money

    Uploaded by

    Jackielyn Krystyl Bana
    The letter is a formal notice to Mr. Madelne Godeve Rebotazo that he is in default of a P320,000 loan obligation plus 5% monthly interest to Mr. Leigh L. Quijano. To secure the loan, Mr. Rebotazo issued three checks totaling P320,000 that were returned unpaid by the bank as the account was closed. Mr. Rebotazo is given 30 days to pay the full amount due or legal action will be taken, including legal proceedings to recover the amount owed plus interest and expenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    August 8.

    2019

    MR. MADELEN GODEVE REBOTAZO

    Sir:

    May we remind you of your loan obligation to my client, Mr. Leigh L. Quijano, in the amount of
    P320,000.00 with 5% monthly interest as agreed upon. To secure the payment of which, you issued three
    (3) checks, namely:
    1. Check no. 80335 drawn on AUB, Pagadian Branch for the amount of P20,000.00
    2. Check no. 80401 drawn on AUB, Pagadian Branch for the amount of P100,000.00
    3. Check no. 80334 drawn on AUB, Pagadian Branch for the amount of P200,000.00

    These three (3) checks were not encashed. The bank, through a Returned Check Advice, returned the three
    for the reason that the account was already closed.

    Thus, this letter shall serve as a formal notice to you that you are in default of your obligation for the
    payment of the sum of P320,000.00 exclusive of the stipulated 5% monthly interest. The same is now
    overdue and you have failed to pay the same despite repeated requests for payment.

    Unless payment of the above amount is received by my client in full within thirty (30) days of the date of
    this letter, we will have no alternative but to exercise whatever rights and remedies we have under the law
    to enforce such payment, including but not limited to institution of legal proceedings against you to recover
    the above amount, together with accrued interest and legal expenses.

    Kindly govern yourself accordingly.

    Sincerely Yours,

    ATTY. JACKIELYN KRYSTYL NEHAMA C. BANA

    ATTY. JACKIELYN KRYSTYL NEHAMA C. BANA


    Provincial Legal Office, Capitol Complex, Pagadian City
    [email protected]

    You might also like