MANILA, Philippines – Asset foreclosures are financially crippling to businesses and emotionally draining for families who stand to lose their livelihood, their homes and other forms of property. Unjust foreclosures can destroy a well-running business, leave stakeholders dislocated, and families homeless. In many instances, the borrowed money is so small in proportion to the large amount of collateral. When payment default happens, good lenders give defaulting borrowers a chance to restructure their loans. The bad and abusive ones simply foreclose on assets and properties without any consideration. What do you do when faced with an abusive and predatory creditor? You are forced to fight back. Learn how to employ the best legal techniques against these through the seminar, “Defensive & Offensive Strategies Against Asset Foreclosures.” The Center for Global Best Practices will be holding this pioneering one-day event on Friday, July 31, 2009 at The Edsa Shangri-La, Mandaluyong City. The lecture is an exposition of all the remedies a debtor can employ against asset foreclosures. It will include discussions on recent landmark court rulings in favor of the borrower, updates on rehabilitation proceedings as well as on properties sold under the Special Asset Vehicle law, and suspension of payments. This seminar is a must for individuals and businesses seeking effective remedies against asset foreclosures. What you will get out of this seminar will save you a bundle in legal costs now and in the future. For those who are interested to attend, pre-registration is required. This one-time event offers early bird discounts for those who will pay early, and group discounts for attendees of three or more. There are limited seats only and pre-registration is required. For details and a complete list of seminars, you may log on to www.cgbp.org, email jessica@cgbp.org, or call (02) 842-7148 or 59.