Philippine Bar review · Question

Practice question: Cram Down Effect

Multiple Choice Easy

Practice question

Under Section 64, within what period after notifying creditors that the plan is ready for examination must the receiver convene them for voting?
  1. Two years
  2. Only after liquidation
  3. Twenty days
  4. One decade
  5. No voting meeting is contemplated

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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