Practice question
What does Section 64 permit despite creditor rejection when all its specified conditions exist?
- Court confirmation of the rehabilitation plan
- Automatic imprisonment of every objector
- Unsupervised confiscation by the debtor
- Automatic cancellation of all liens without safeguards
- A shareholder's unilateral decree
Legal references
- RA 10142, Section 64: https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html
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