STATE-RUN Philippine Deposit Insurance Corp. issued the guidelines for all creditors of closed banks on how to file a claim against the assets of a closed bank.
Creditors refer to any individual or entity with a valid claim against the assets of a closed bank, and include depositors with uninsured deposits that exceed the maximum deposit insurance coverage of P500,000.
Republic Act No. 3591, as amended, or the PDIC Charter, provides that claims against the assets of a closed bank must be filed with PDIC within 60 days from the date of publication of the notice of closure of subject bank. Claims filed beyond the prescribed 60-day period will be disallowed.
“Creditors whose credits are secured by a duly-registered real estate mortgage or chattel mortgage or duly-constituted pledge are no longer required to file their claims against the assets of the closed bank,” it said.
Claims may be filed either personally at the closed bank’s premises during PDIC’s takeover operations.