Is prior demand letter mandatory in collection suit?
If yes, kindly share the latest jurisprudence on this matter - without demand letter, a collection suit must be dismissed for failure to state cause of action.

Methods of Collection of Unpaid Subscription
Methods of Collection of Unpaid Subscription a. call, delinquency and sale at public auction of delinquent shares b. ordinary civil action c. collection from cash dividends and other amounts due to stockholders if allowed by by-laws/agreed to by him

Collections Agency
I loaned from a bank - salary loan- and my first term had a great payment history cuz infact nakapagrenew pa ko, after my renewal a few months i was able to pay but after that there has been series of unfortunate events my 2 sisters lost job, i got sick,