Checks will always be an integral part of business, which is why we have a number of discussions regarding checks (see Bouncing Checks (BP 22): Matters a Layman Should Know; Basic Reminders to Prevent Check Fraud; and No imprisonment in BP 22 or Bouncing Checks cases?). This time let’s have a more extensive discussion on [...]

We previously noted that even if an accused is found guilty in violating Batas Pambansa Blg. 22 (BP 22) or the Anti-Bouncing Checks law, it’s possible that no imprisonment will be imposed. The Supreme Court had long issued a Circular containing its policy on the matter of the imposition of penalties.

Checks are indispensable to aspiring entrepreneurs and established businessmen alike. Suppliers and lessors usually require post-dated checks or PDC’s to cover installment payments, and issuing checks are generally more convenient and safer than carrying huge amounts of cash. Here are some basic tips to avoid being a victim of check fraud:

One concern of creditors in filing a case for collection is the possibility of getting nothing in the end because the debtor has no properties to satisfy the judgment award, while spending more money for legal fees. A Pyrrhic victory, so to speak. In fact, I often come across debtors dropping the hint of filing, [...]

Checks are commonly used in business. Some people, however, still have this misplaced confidence in the deterrent effect of Batas Pambansa (B.P.) Blg. 22, also known as the Bouncing Checks Law.