Practice question
Which restriction belongs in the Stay or Suspension Order under section 16(q)?
- A universal ban on every employee’s personal affairs
- Automatic cancellation of all debts
- Automatic transfer of every asset to shareholders
- Suspension of actions enforcing claims against the debtor, subject to statutory exceptions
- Automatic criminal acquittal of all officers
Legal references
- https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html — RA 10142, sections 4(d) and 16–18
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