Practice question
Under Section 121, how often must the liquidator ordinarily report money received and disbursements to the court?
- Only once every decade
- Quarterly, with the report available to interested parties
- Only after every creditor dies
- Never
- Only when the debtor consents
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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