Practice question
After discharge under Section 12, what stands in place of the released property?
- The creditor’s automatic ownership of the debtor’s whole business.
- A final judgment admitting every allegation.
- The cash deposit or counterbond.
- The sheriff’s personal promise alone.
- A private agreement dispensing with every court requirement.
Legal references
- Rules of Court, Rule 57 Sections 1-4 and 12-13, attachment grounds, issuance and discharge: https://lawphil.net/courts/rules/rc_1-71_civil.html
- Pilipinas Shell Petroleum Corp. v. Pobre, G.R. No. 259709, August 30, 2023, main decision, distinct attachment requirements and discharge avenues: https://lawphil.net/judjuris/juri2023/aug2023/gr_259709_2023.html
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