Practice question
Which conduct is restricted by the suspension-of-payments order while proceedings remain pending, subject to the ordinary-business exception?
- Preparing written evidence of creditor claims.
- Selling, transferring, encumbering or disposing of the debtor's property.
- Receiving the court's notices.
- Attending the scheduled meeting.
- Making the required publication of the order.
Legal references
- RA 10142, Sections 95 and 99-102, suspension of payments: https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html
- Supreme Court A.M. 15-04-06-SC, April 21, 2015, FLSP Rules, Rule 3(A), official PHILJA publication: https://philja.judiciary.gov.ph/files/bulletin/Bul66.pdf
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