Philippine Bar review · Question

Practice question: Dissolution and Liquidation

Multiple Choice Easy Jurisprudence

Practice question

What creditor information must accompany the Section 135 process?
  1. Only the favored shareholders’ list
  2. Only the smallest supplier’s name
  3. A list of all creditors and the stated claims and demands
  4. No debt information under any circumstances
  5. Only foreign bank addresses

Legal references

  • RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Section 135.

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