Article 1155
ELI5— what this means for you
The prescriptive period is interrupted (the clock stops and resets) when: (1) the action is filed in court, (2) the debtor acknowledges the debt in writing, (3) there is any extrajudicial demand.
Key point
Sending a formal demand letter interrupts prescription — the 10-year (or other) period starts over.
Official text — RA 386
Full article text is being added. Read the official text at officialgazette.gov.ph.
Related
RELATED RIGHTS
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