Practice question
Disposition yields PHP500,000. Reasonable qualifying enforcement expenses are PHP40,000, the enforcing secured obligation is PHP300,000, and a properly proven subordinate claim is PHP100,000 with timely written demand. No other claim exists. Apply Section52.
Legal references
- RA11057 PPSA: https://lawphil.net/statutes/repacts/ra2018/ra_11057_2018.html Sections47(b),48(a),49,51–52.
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