Practice question
An election fails because attending creditors refuse to choose a liquidator. Explain the court’s alternatives and whether the former rehabilitation receiver is automatically barred.
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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