About this document
Overview of the FRIA Law in the Philippines by Jerimae De Paz is a document available to read on EtoBox.
This document discusses the Financial Rehabilitation and Insolvency Act of 2010 (FRIA) in the Philippines. It provides three key points: 1) FRIA covers rehabilitation and liquidation proceedings for insolvent individuals and corporations. It aims to encourage debtors and creditors to collectively resolve claims and maximize asset value. 2) Rehabilitation seeks to restore insolvent debtors to solvency and allow creditors to be paid from future earnings. It can be court-supervised (voluntary or involuntary
- Author
- Jerimae De Paz
- Language
- EN