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II. HUMAN RELATIONS: Thoughtless Extravagance (Civil Code, Art. 25)

1. Maria, a 25-year-old professional, recently received a substantial inheritance from her deceased parents. Fueled by her newfound wealth, Maria developed a habit of excessive shopping and lavish spending on luxurious items. As a result, she accumulated huge debts and eventually filed for bankruptcy. Her creditors, however, argue that Maria's recklessness and thoughtless extravagance should make her liable for the unpaid loans.

Discuss the legal implications of Maria's thoughtless extravagance, particularly under Article 25 of the Civil Code of the Philippines. What are the rights and remedies available to the creditors in this situation? Can Maria be held accountable for her excessive spending?

In your analysis, consider the principles of good faith, fairness, and the duty to exercise diligence in the performance of obligations. Cite relevant provisions of the Civil Code and supporting jurisprudence to support your arguments.

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