Practice question
An estate has insufficient assets and the deceased’s fraudulent conveyance is challenged under Rule 87, Section 10. Is recovery solely for the initiating creditor?
- Yes, every recovered asset belongs to the initiating creditor alone.
- No; the action is for the benefit of the creditors.
- Yes, the other creditors must surrender their claims.
- Yes, the administrator may keep the surplus personally.
- Yes, recovery is never available for collective creditors.
Legal references
- Rules of Court, Rules 86-90, provisions specifically identified in the explanations: https://lawphil.net/courts/rules/rc_72-109_proceedings.html
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