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Hardship Affidavit for Philippines

Hardship Affidavit Template for Philippines

A Hardship Affidavit under Philippine law is a formal, sworn document wherein an individual declares their state of financial hardship and inability to meet specific financial obligations. This legal instrument, governed by the Civil Code of the Philippines and related statutes, requires notarization and must include detailed information about the declarant's financial situation, including income, expenses, assets, and the specific nature of the hardship. The document serves as a formal request for consideration of the declarant's circumstances and may be used with various institutions, from banks to government agencies.

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What is a Hardship Affidavit?

The Hardship Affidavit is a crucial legal document used in the Philippines when individuals need to formally declare their financial difficulties to institutions or authorities. This document becomes necessary when seeking loan modifications, payment deferrals, debt restructuring, or other forms of financial relief. The affidavit must comply with Philippine legal requirements, including proper notarization and specific content requirements under the Civil Code and Rules of Court. It typically includes comprehensive details about the declarant's financial situation, the nature and cause of the hardship, and supporting documentation. The document is particularly relevant in times of economic difficulty, natural disasters, or personal crises, serving as a formal basis for requesting consideration or accommodation from creditors, institutions, or government agencies.

What sections should be included in a Hardship Affidavit?

1. Title and Jurisdiction: States the document type and jurisdiction (Philippines)

2. Declarant Information: Full legal name, address, and identification details of the person making the affidavit

3. Oath Statement: Formal declaration of truth and acknowledgment of penalties for false statements

4. Current Employment Status: Details of employment or unemployment, including recent job loss if applicable

5. Income Statement: Current sources and amounts of income, including any government benefits

6. Essential Expenses: Breakdown of necessary monthly expenses (housing, food, utilities, etc.)

7. Dependent Information: Details of dependents and associated financial obligations

8. Nature of Hardship: Specific description of the financial hardship and its cause

9. Duration of Hardship: When the hardship began and expected duration

10. Previous Attempts to Address: Steps already taken to address the financial situation

11. Verification Statement: Final declaration of truth and completeness of the information provided

12. Notarization Block: Space for notary public's details and certification

What sections are optional to include in a Hardship Affidavit?

1. Medical Circumstances: Include when hardship is related to medical conditions or expenses

2. Natural Disaster Impact: Include when hardship is caused by natural disasters or calamities

3. COVID-19 Impact: Include when hardship is related to pandemic effects

4. Business Failure Details: Include when hardship is due to business closure or bankruptcy

5. Temporary vs Permanent Nature: Include when needing to specify if hardship is temporary or permanent

6. Request for Specific Relief: Include when affidavit is being used to request specific assistance or accommodation

7. Third-Party Support: Include when receiving financial support from family members or other sources

What schedules should be included in a Hardship Affidavit?

1. Schedule A - Income Documentation: Copies of pay stubs, benefit statements, or other income proof

2. Schedule B - Expense Documentation: Copies of bills, receipts, and other expense proof

3. Schedule C - Asset Statement: List and documentation of current assets and their values

4. Schedule D - Debt Statement: List and documentation of current debts and obligations

5. Schedule E - Supporting Letters: Letters from employers, doctors, or other relevant authorities confirming circumstances

6. Appendix 1 - Bank Statements: Recent bank statements showing financial position

7. Appendix 2 - Medical Records: Relevant medical documentation if hardship is health-related

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions






























Clauses





























Relevant Industries

Banking & Financial Services

Legal Services

Government & Public Sector

Healthcare

Education

Real Estate

Insurance

Social Services

Debt Collection

Consumer Credit

Relevant Teams

Legal

Compliance

Credit & Collections

Risk Management

Customer Service

Financial Operations

Social Services

Loan Processing

Document Management

Client Relations

Regulatory Affairs

Relevant Roles

Legal Counsel

Compliance Officer

Credit Manager

Financial Advisor

Loan Officer

Collections Manager

Risk Assessment Officer

Social Services Coordinator

Customer Service Manager

Debt Recovery Specialist

Banking Operations Manager

Legal Administrator

Financial Aid Officer

Housing Assistance Coordinator

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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