Saving business, property from foreclosure threats

MANILA, Philippines — To help individuals and organizations in preventing foreclosures in this difficult economy, the Center for Global Best Practices will host two special programs via Zoom from 1:30 p.m. to 4:30 p.m. this month and next month.

The first webinar titled ‘’Saving your business through corporate rehabilitation’’ will be held on March 26. The webinar will show participants the ways to suspend payment to creditors legally, walk participants through the process of corporate rehabilitation, and guide you in preparing a corporate rehabilitation plan from A to Z that is effective in nursing back a business to recovery.

The second seminar titled “Defensive and offensive strategies vs asset foreclosures’’ will be held on April 7. This webinar aims to help participants secure their business and properties against threats of foreclosure. Participants will learn all the administrative, judicial and non-judicial remedies of the debtor-mortgagor, substantive and procedural grounds against foreclosures, remedies against petition for ex-parte issuance of a writ of possession. The program will cover topics on legal actions, remedies of banks on foreclosures.

Both programs will provide all the information needed to defend the organization, business, properties and assets against the threats of foreclosure. Registration is open to the general public and is highly recommended for businessowners, debtors, lenders, property owners, lawyers, accountants and consultants. Slots are limited and pre-registration is required.

For details and a complete list of other Best Practices programs such as Best Practices in Collecting Delinquent & Bad Accounts, The Law on Bouncing Checks, Best Practices in Crafting and Collecting Policies and more, visit www.cgbp.org or call (+63 2) 8556-8968 or 69; (+63 2) 8842-7148 or 59.