Documente Academic
Documente Profesional
Documente Cultură
WHO
WHEN
VALUE
WHEN DENIED
MODES
QUORUM
VOTE
AUTOMATIC STAY
SUSPENSION OF
PAYMENTS
ORDER
INJUNCTION
ORDER
SUSPENDING
EXECUTION
Suspension of Payments
OR
No value requirement
Not Illiquid
Court proceeding
AND
Present Value Recovery: creditors can recover by way of present value of
payments projected in the plan, more if the debtor continues as a going
concern than immediately liquidated
Involuntary court-supervised: ₱1M or at least 25% of subscribed capital stock
(or partnership contributions) whichever is higher
Court-supervised Rehabilitation
Pre-negotiated Rehabilitation
Out-of Court Rehabilitation
Secured Creditors: Covered
INJUNCTION