Practice question
Which objection ground is expressly recognized against majority approval of a debtor's proposal?
- The objector's dislike of the room's paint color alone.
- The fact that a lawful creditor spoke at the meeting.
- Fraudulent conveyance of claims to obtain a majority.
- The debtor's use of an accountant alone.
- Any unexpressed personal preference regardless of legal prejudice.
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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