How to collect a debt without needing a lawyer
Have you ever lent a measly amount of money to a friend, colleague, businessman or even just to anyone who is in dire need for daily sustenance? But, by the time you attempted to collect the money, you find it very stressful.
The stress piles up when you realized that engaging the services of a lawyer is pricier than the amount to be collected from the borrower.
Your desperation leads you to consider taking the law into your own hands, putting yourself in a perilous circumstance of being vulnerable to getting jailed.
Being informed and knowing that remedies are made available to you will lift the clouds and will send hopes, that yes, you can collect a monetary obligation without need of a lawyer.
Consider yourself fortunate for having browsed this section. If you are one of those luckless, ignored and unappreciated lenders, this writer will lead you to the right direction.
What are Small Claims Cases?
The Supreme Court of the Philippines developed a rule of procedure for collecting a debt without getting a lawyer.
However, the amount to be claimed by the lender should not exceed a certain threshold as the high court ordered.
To date, the cap is increased to PHP 400,000.00.