Title
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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