Practice question
How frequently must the receiver ordinarily submit the Section 31 status report, apart from additional requirements?
- Every ten years
- Only after death of the debtor’s owner
- Every quarter
- Never unless all creditors agree
- Only after liquidation ends
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
Answer this question in flashcards to review your response and continue practicing.