Legal Question in Bankruptcy in Philippines

couldnt paycredit card bills, went to jail

Hi, id like to ask , im from the philippines , and id like to know what really happens to individuals who cant afford to pay their credit card bills?do they go to jail?

hoping for a response.....


Asked on 11/10/06, 5:58 pm

1 Answer from Attorneys

Reynaldo Destura Destura & Associates Law Offices

Re: couldnt paycredit card bills, went to jail

It depends on the case that may be filed. If it is a Estafa in relation to Credit Card Fraud Law, then yes. Ordinarily though, credit card companies would merely file civil case, which is not subject to a penalty of imprisonment.

Read more
Answered on 11/12/06, 7:59 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in Philippines