About this document
FRIA 2010: Insolvency Proceedings Overview by Kris Mercado is a document available to read on EtoBox.
1. Insolvent juridical debtors can undergo either voluntary or involuntary liquidation proceedings. Voluntary proceedings are initiated by the debtor, while involuntary proceedings require a petition by three or more creditors whose aggregate claims are at least PHP 1 million or 25% of the debtor
- Author
- Kris Mercado
- Language
- EN