"The 'credit' of an individual means his ability to borrow money by virtue of the confidence or trust reposed by a lender that he will pay what he may promise."
Justice George A. Malcolm, People v. Concepcion, 44 Phil. 126 (1922).

11.08.2011

Insolvency: Suspension of Payments

A.  General Concepts
R.A. No. 10142, Sec. 2, Sec. 94. Sec. 95
1.  Automatic Stay
Sec. 96
2.  Suspension Order
Sec. 96
3.  Injunction Against Debtor
Sec. 95
B.  Commissioner
Sec. 95, Sec. 97
C.  Creditors’ Meeting
Sec. 97, Sec. 99, Sec. 100
D.  Proposed Agreement
Sec. 94, Sec. 101, Sec. 102
E.  Treatment of Claims
Sec. 96, Sec. 98, Sec. 101
1.  Secured Creditor Claims
      2.  Exempt Claims
      3.  Excluded Claims

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