Question: PROBLEM SOLVING: Gerald Underson was granted a loan by PALUGI Lending Investor. He was not able to pay his loan, hence, PALUGI filed a complaint

PROBLEM SOLVING:

Gerald Underson was granted a loan by PALUGI Lending Investor. He was not able to pay his loan, hence, PALUGI filed a complaint against him.When PALUGI conducted a credit investigation, they discovered that Mr. Underson holds majority of the shares of JULIA BARETA Corporation, a non-stock, non-profit corporation which owns several properties.As the counsel for PALUGI, they sought your advice whether they can attach the properties of the said corporation to pay the obligations of Gerald.What will be your advice?Decide with reasons.

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