Practice question
The rehabilitation court permits a specialized tribunal to finish a claim under Section 18(b). The creditor obtains a final and executory judgment and seeks to treat the exception as unrestricted authority to collect outside rehabilitation. Which is correct?
- The exception automatically permits every collection method
- The judgment must be ignored
- The final judgment is referred to the rehabilitation court and treated as a non-disputed claim under the subsection
- The specialized tribunal becomes the liquidator
- The judgment transfers all debtor assets to the creditor
Legal references
- RA 10142 (FRIA), Sections 4, 7, 9, 17-18, 31-35, 64-70 and 115-121: https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html
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