Philippine Insolvency Law

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Act No. 1956: Philippine Insolvency Law

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Title Source: Supreme Court: Philippine Insolvency Law

Law: Act No. 1956

Decision Date: May 20, 1909

The Insolvency Law in the Philippines, enacted in 1909, provides a framework for the suspension of payments and discharge from debts for insolvent debtors, outlining the procedures for voluntary and involuntary insolvency, as well as the powers and duties of the assignee in managing the debtor's assets.

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