Practice question
Under section 16, what event commences rehabilitation proceedings?
- A debtor’s private announcement alone
- Issuance of the Commencement Order
- A creditor’s first complaint letter
- Only final liquidation
- Only the debtor’s last business sale
Legal references
- https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html — RA 10142, sections 4(d) and 16–18
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