Condonation of War-time Interest on Government Debts

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Republic Act No. 401: Condonation of War-time Interest on Government Debts

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Title Supreme Court: Condonation of War-time Interest on Government Debts

Law: Republic Act No. 401

Decision Date: Jun 18, 1949

A Philippine law condones unpaid interests in favor of the government or government-owned corporations during the period of January 1, 1942, to December 31, 1945, allowing debtors to rehabilitate themselves by paying their pre-war obligations under favorable terms and conditions.

condonation

unpaid interests

government

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