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Zed Collection of Sum of Money

Mario Sakay filed a civil case against Tomas Timbo in the Regional Trial Court of Iloilo City to collect a sum of 2 million pesos that Timbo borrowed from Sakay in January 2020 plus 5% monthly interest as evidenced by a promissory note. Despite demands for payment, Timbo has failed and refused to pay. Sakay is seeking collection of the principal, interest, damages, attorney's fees, and litigation expenses from Timbo. Sakay verified the complaint is true and correct based on authentic records.

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Isidore Tarol III
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162 views

Zed Collection of Sum of Money

Mario Sakay filed a civil case against Tomas Timbo in the Regional Trial Court of Iloilo City to collect a sum of 2 million pesos that Timbo borrowed from Sakay in January 2020 plus 5% monthly interest as evidenced by a promissory note. Despite demands for payment, Timbo has failed and refused to pay. Sakay is seeking collection of the principal, interest, damages, attorney's fees, and litigation expenses from Timbo. Sakay verified the complaint is true and correct based on authentic records.

Uploaded by

Isidore Tarol III
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Republic of the Philippines

6TH JUDICIAL REGION


Regional Trial Court
Branch 25
Iloilo City

MARIO A. SAKAY, Civil Case No. CV-2018-23


Plaintiff FOR: COLLECTION FOR A
SUM OF MONEY WITH
DAMAGES
- versus -

TOMAS B. TIMBO,
Defendant
x -----------------------x

COMPLAINT

Plaintiff, through the undersigned counsel unto this Honorable Court,


hereby respectfully avers:

1. That plaintiff is of legal age, Filipino, married, and a resident of


Balantang, Jaro, Iloilo City, Philippines while the defendant is also of legal
age, married, Filipino and a resident of Brgy. Bituon A., Jaro, Iloilo City,
Philippines where summons and court processes may be served;

2. That on January 9, 2020, the defendant borrowed from the plaintiff


a sum of money amounting to Two Million Pesos (PhP2,000,000.00) with an
agreed interest of five percent (5%) per month as evidenced by a promissory
note herein attached as Annex “A” and form an integral part of this
complaint;

3. That as shown in the attached promissory note, the indebtedness of


the defendant has become due and demandable on January 9, 2021;

4. That despite plaintiff's repeated demands, both written and verbal,


defendant failed, neglected and refused to fulfill obligations without just and
valid grounds to the continued damage and prejudice of plaintiff, as
evidenced by Annex “B” – Demand Letters;

5. That the plaintiff in order to enforce his rights and interests, has
sought the services of a legal counsel with attorney’s fees amounting to Two
Hundred Thousand Pesos (PhP 200,000.00) and an appearance fee of Two
Thousand Pesos (PhP 2,000.00) per hearing as evidenced by Annex “C” –
Contract for Legal Services;

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6. That the plaintiff has paid for litigation expenses amounting to
Thirty Thousand Pesos (PhP 30,000.00) as evidenced by Annex “D” –
Official Receipt;

7. That the plaintiff has suffered moral damages at the sum discretion
of the Honorable Court;

WHEREFORE, premises considered, it is hereby respectfully prayed


before the Honorable Court to render decision in favor of the plaintiff and
order the defendant to pay the following:

a. the sum of Two Million Pesos (PhP 2,000,000.00) plus interest at


the rate of five percent (5%) per month as stipulated in the
promissory note;

b. moral damages, exemplary damages at the sum discretion of the


court;

c. attorney’s fees amounting to Two Hundred Thousand Pesos (PhP


200,000.00) and an appearance fee of Two Thousand Pesos (PhP
2,000.00) per hearing

d. litigation expenses amounting to Thirty Thousand Pesos (PhP


30,000.00).

Other reliefs and remedies deemed just and equitable under the
foregoing premises are likewise prayed for.

Iloilo City, January 25, 2022.

ATTY. ISIDORE T. TAROL III


Notary Public
Valid until December 31, 2023
Roll of Attorneys No. 753000
PTR NO. 12345-753, Iloilo City, June 27, 2023
IBP NO. 753-12345, Iloilo City, June 27, 2023
MCLE Compliance. No. IV-12345-7530

REPUBLIC OF THE PHILIPPINES)

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PROVINCE OF ILOILO ) SS.
x----------------------------x

VERIFICATION AND CERTIFICATION

I, MARIO A. SAKAY, of legal age, Filipino, married, and a resident


of Balantang, Jaro, Iloilo City, Philippines, after being sworn in accordance
with law, hereby depose and say:

(1) That I am the Plaintiff in the above-entitled case;

(2) That I have caused the preparation of the above Complaint and I
have read the same and understood the contents thereof;

(3) That the allegations contained therein are true and correct of my
own personal knowledge and based on authentic records.

(4) That I further certify that: I have not theretofore commenced any
other action or proceeding or filed any claim involving the same issues or
matter in any court, tribunal, or quasi-judicial agency and, to the best of my
knowledge, no such action or proceeding is pending therein; if I should
thereafter learn that the same or similar action or proceeding has been filed or
is pending before the Supreme Court, the Court of Appeals, or any other
tribunal or quasi-judicial agency, I undertake to report such fact within five (5)
days therefrom to the court or agency wherein the original pleading and sworn
certification contemplated herein have been filed.

IN WITNESS WHEREOF, I have hereunto set my hand this 25th


day of January 2022 at Oton, Iloilo City, Philippines.

MARIO A. SAKAY
Affiant
TIN 1234-7890; Iloilo City

SUBSCRIBED AND SWORN to before me, this 25th day of January


2022, affiant exhibiting to me his Tax Identification Card as shown above
below his name as competent evidence of his identity.

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ATTY. ISIDORE T. TAROL III
Notary Public
Valid until December 31, 2023
Roll of Attorneys No. 753000
PTR NO. 12345-753, Iloilo City, June 27, 2023
IBP NO. 753-12345, Iloilo City, June 27, 2023
MCLE Compliance. No. IV-12345-7530

Doc. No. __;


Page No. __;
Book No.__;
Series of _____;

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