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Fraudulent Assignment of Redemption Rights by Kate Garo is a document available to read on EtoBox.
What is Fraudulent Assignment of Redemption Rights about?
The Supreme Court ruled that an assignment of the right of redemption from a property by a debtor to his son was fraudulent and could be rescinded by creditors. Under Philippine law, there is a presumption of fraud when a debtor alienates property after a judgment has been rendered against them without reserving enough assets to pay debts. Here, the debtor assigned his redemption rights to his son two years after a judgment in favor of a creditor, while insolvent. The court found the assignment was an inval
- Author
- Kate Garo
- Language
- EN