Protect your assets from foreclosure

MANILA, Philippines — Many businesses have been forced to reduce operations or worse, shutdown due to the COVID-19 pandemic. This situation has put a lot of properties at risk when used as securitized collateral. Workers paying for their property mortgages are now in danger of losing their roof over their heads.

To help protect your assets from threats of foreclosure, the Center for Global Best Practices is hosting a three-hour webinar entitled Defensive and Offensive Strategies vs Asset Foreclosures via Zoom on Friday, May 20 from 1:30 to 4:45 p.m.

The pioneering webinar is a comprehensive guide that will teach participants how to defend them against asset foreclosures. It is designed to give legal solutions and practical answers to secure businesses and properties against the threat of foreclosures.

In this program, topics will cover the administrative, judicial and non-judicial remedies of the debtor-mortgagor, 14 substantive and four procedural grounds against foreclosures, three pre-emptive strikes debtors can do vs. foreclosures, four remedies against petition for ex-parte issuance of a writ of possession, and what to do when foreclosed property is sold under Special Asset Vehicle Law, which is being revived by the government. Conversely, learn the legal actions and remedies of banks on foreclosures.

Learn from lawyer Nicasio Cabaneiro, CPA who is an authority in the practice of commercial law and taxation with over 45 years of teaching experience and 25 years with Bank of Philippine Islands, capping his career as its vice-president and head of the legal services division (1982 to 2007). He is a sought-after lecturer and consultant of various institutions to help them resolve their legal issues. His advocacies include helping companies in distress and individuals facing foreclosures.

This program is highly recommended for business and property owners, lawyers, negotiators, creditors and debtors, bankers, and is open to the general public. Pre-registration is required to attend this webinar.

For details and a complete list of Best Practices programs including Saving your Business Through Corporate Rehabilitation, Financial Models for Debt Management and Restructuring, Best Practices Strategies in Collecting Delinquent and Bad Accounts, Best Practices in Crafting Credit and Collection Policies, and more, you may visit www.cgbp.org or call Manila Lines (+63 2) 8556-8968 or 69; (+63 2) 8842-7148 or 59.