G.R. No. 253311 - BDO Unibank, Inc. vs. Ailene Chua Co, et al.

BDO Unibank, Inc. vs. Ailene Chua Co, et al.

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Title Supreme Court: BDO Unibank, Inc. vs. Ailene Chua Co, et al.

Case: G.R. No. 253311

Decision Date: Jun 22, 2022

BDO Unibank contested the RTC's decision nullifying its payment application to secure its claim in a voluntary insolvency case. The Supreme Court upheld the lower courts' findings, affirming the inclusion of Ailene's accounts in the liquidation for creditors.

insolvency proceedings

secured creditor

application of payment

Long 25 min

END