Amendment to Insolvency Law on Credit Transactions

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Act No. 3616: Amendment to Insolvency Law on Credit Transactions

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Title Supreme Court: Amendment to Insolvency Law on Credit Transactions

Law: Act No. 3616

Decision Date: Dec 4, 1929

An amendment to the Insolvency Law in the Philippines, Act No. 3616, modifies provisions related to fraudulent actions in cases of insolvency, including obtaining goods on credit under false pretenses, disposing of goods obtained on credit, suffering losses in gaming, selling goods at a loss, and making advanced payments to the detriment of creditors.

amendment

insolvency law

fraudulent actions

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