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    Answer To Demand Letter

    Uploaded by

    Gary Rabasto Moloboco
    This is a response letter to a demand letter from a lawyer representing a client who claims unpaid loans. The response denies most of the claimed amount, citing a lack of documentation for the transactions. It offers to settle the remaining disputed amount by surrendering jewelry valued at P500,000. The response requests a special conference to negotiate an amicable settlement and avoid costly litigation, noting the long-standing relationship between the clients.

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    Answer To Demand Letter

    Uploaded by

    Gary Rabasto Moloboco
    401 views4 pages
    This is a response letter to a demand letter from a lawyer representing a client who claims unpaid loans. The response denies most of the claimed amount, citing a lack of documentation for the transactions. It offers to settle the remaining disputed amount by surrendering jewelry valued at P500,000. The response requests a special conference to negotiate an amicable settlement and avoid costly litigation, noting the long-standing relationship between the clients.

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    This is a response letter to a demand letter from a lawyer representing a client who claims unpaid loans. The response denies most of the claimed amount, citing a lack of documentation for the transactions. It offers to settle the remaining disputed amount by surrendering jewelry valued at P500,000. The response requests a special conference to negotiate an amicable settlement and avoid costly litigation, noting the long-standing relationship between the clients.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    401 views4 pages

    Answer To Demand Letter

    Uploaded by

    Gary Rabasto Moloboco
    This is a response letter to a demand letter from a lawyer representing a client who claims unpaid loans. The response denies most of the claimed amount, citing a lack of documentation for the transactions. It offers to settle the remaining disputed amount by surrendering jewelry valued at P500,000. The response requests a special conference to negotiate an amicable settlement and avoid costly litigation, noting the long-standing relationship between the clients.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    The dispute is about an unpaid loan between two individuals who have known each other for a long time. The client disputes the total claim amount and argues that interest rates charged were usurious. The client offers to settle by surrendering jewelry or restructuring payments with lower interest.

    The dispute is about unpaid loans between the client and another individual. The total claim amount by the other party is disputed by the client.

    The client argues that the total claim amount is incorrect and that records only show a lower balance amount owed. Additionally, there were no written contracts or promissory notes for the loans and no official receipts were issued for payments made.

    Demand letter; sample answer to

    collecting lawyer
    Date…
    ATTY.  xxx xxx
    Counsel for xxx
    Xxx xxx Law Offices
    Unit xxx, xxx Floor, xxx
    Xxx St., xxx
    Xxx, xxx City
    RE     :        YOUR DEMAND LETTER, DATED xxx,
    ADDRESSED TO xxx xxxx
    MABUHAY:
    We represent Mrs. Xxx xxx.
    This refers to your aforecited Demand Letter, dated xxx, addressed to Mrs.
    xxx.
    We are writing in behalf of Mrs. Xxx, with her conformity below, to state
    the following facts, issues and proposals:
    1.       Our client respectfully denies your total claim of Pxxx , there being no legal
    and factual basis for the said claim.
    2.    The position of our client is that her total unpaid loan obligation as of this
    time amounts only to Pxxx. This amount includes both the PRINCIPAL
    AND THE ACCUMULATED INTERESTS as of this time.
    3.    There were no contract/s of loan or promissory note/s in re: the above
    transaction/s. All transactions with your client, Ms. Xxx, were not
    documented by written contract/s or promissory note/s since 2000 or
    thereabout up to the present time. Payments made by our client to your
    client were either in CASH or via CHECKS.
    4.    No Official Receipts were ever issued by your client to our client since their
    creditor-debtor relationship started in 2000.
    5.     There is no showing that your client is a duly registered lending
    businessperson in accordance with Philippine laws and administrative rules
    and regulations.
    6.    The lending business of your client does not appear to be registered with
    the Securities and Exchange Commission, the Department of Trade and
    Industry, the City Government of Makati (where she resides) or in any City
    Government in the country, the Bureau of Internal Revenue, the Offices of
    the Mayor or Business Permit and Licensing Offices of Makati City, where
    she resides or in any other city in the country.
    7.     There is no showing that your client, as a lending businessperson, complies
    with the National Internal Revenue Code and other national and local
    taxation laws.

    8.    The above violations are special crimes and felonies under the Revised


    Penal Code and other applicable taxation, administrative and business laws
    of the country.
    9.    To the recollection of our client, and as per the informal records of your
    client, our client has paid your client the following INTERESTS:

    ·        Pxxx paid on xxx (interest for xxx);


    ·        Pxxx  paid on xxx (interest for xxx);
    ·        Pxxx paid on xxx (interest for xxx); and
    ·        Pxxx paid on xxx (interest for the whole year xxx).
    Our client hereby reiterates her 2015 offer to your client to fully settle her
    account/s by surrendering to your client her jewelry valued at
    almost P500,000,000.00. In 2015, your client kept the jewelry for two
    months to be allegedly appraised by an expert. Ms. Ocampo demanded that
    the value of the jewelry be reduced by thirty percent. Our client  declined
    the counter-offer of your client. No agreement was reached. Our client thus
    retrieved the jewelry. At this time, our client reiterates her same offer to
    once and for all fully settle this controversy.
    10.                         Our client has been a very good paying client to your client for more
    than one decade now since 2000.
    11.    Your client knew that the amounts that our client had obtained from her
    were for the emergency medical requirements of her daughter, who was
    suffering from a major heart disease.  Our client is prepared to provide
    copies of the medical records of her daughter if required by your client.
    12. The parties involved in this controversy have known each other since their
    school days (xxx College) and eventually became good friends. They should
    explore all ways and means possible to amicably settle this controversy
    without recourse to painful, costly and delayed litigation.
    13. Note, too, that in the past our client had requested your client to reduce the
    verbally agreed USURIOUS AND IMMORAL interest from five percent a
    month to one per cent a month. The interest of five percent a month
    imposed by your client may  not be illegal but the Supreme Court in many
    cases has reduced the same to two percent a month based on equity and
    fairness.
    14. Our client believes that her obligation should be RESTRUCTURED based
    on one percent interest a month in the interest of justice and fairness,
    considering that for more than one decade since 2000 your client has
    earned and collected from our client huge amounts at five percent monthly
    interests and considering, further, that our client has been a very good
    client and friend to your client for more than one decade. Our client  hereby
    reiterates the said request of reduction of interest to one percent a
    month.

    PREMISES CONSIDERED, our client Mrs. Xxx xxx hereby requests


    that a SPECIAL CONFERENCE be held between the parties and their
    lawyers to AMICABLY SETTLE this controversy without unnecessary
    litigation.
    Please feel free to instruct to your staff to contact our client Mrs. Xxx
    xxx through her home landline xxx to discuss the details of the requested
    special conference, if one is agreed to by your client.
    Meanwhile, it is requested that your law office defer any unnecessary
    judicial and other legal actions pending negotiations between the parties
    and their lawyers.
    Thank you.

    Sincerely yours,
    Atty. xx xx xx
    Xxx x xx x xxx

    CONFORME/NOTED:

    MRS. Xxx xxx


           Client

    Posted by Atty. Manuel J. Laserna Jr. at 8:50 PM   


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