ABRERA V. BARZA, G.R. NO.
plans which the Commission may
171681
SEPTEMBER 11, 2009
Doctrine:
The Securities Regulation Code,
defines "pre-need plans" as
"contracts which provide for the
performance of future services or
the payment of future monetary
considerations at the time of
actual need, for which plan-
holders pay in cash or instalment
at stated prices, with or without
interest or insurance coverage,
and includes life, pension,
education, interment, and other
from time to time approve."
Absent any provision in the
Interim Rules of Procedure on
Corporate Rehabilitation of 2000
exempting claims arising from
pre-need contracts from a court
order staying enforcement of all
claims against the debtor/pre-
need company, the Court holds
that respondent Judge did not
commit grave abuse of discretion
in enforcing the Stay Order
against petitioners (Abrera v.
Barza, G.R. No. 171681,
September 11, 2009).