Question

Albert, a successful businessman, recently inherited a considerable amount of wealth from his late father's estate. As a result, he has been engaging in excessive spending, splurging on luxury items, and indulging in lavish vacations. His behavior has raised concerns among his family and friends, who believe that his thoughtless extravagance is not only wasteful but also detrimental to his financial stability.

Given the scenario, analyze the following situations and their implications in relation to thoughtless extravagance under Article 25 of the Civil Code:

1. Albert decides to purchase a lavish mansion worth millions of pesos, despite already owning multiple properties. His family members, who are beneficiaries of his estate, express their objections, fearing that such an extravagant purchase may deplete their inheritance and put their financial security at risk.
2. Albert throws a grandiose and opulent party, spending an exorbitant amount of money on luxurious decorations, entertainment, and gourmet food. However, some of the attendees, who know about Albert's extravagant spending habits, criticize him for his wastefulness and question his priorities.
3. Albert's excessive spending has resulted in substantial debts, to the point where he struggles to pay his creditors. He considers filing for bankruptcy to alleviate his financial burden, but his family members argue that his thoughtless extravagance and irresponsible financial management are the root causes of his current predicament.