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pecabar.ph

Contact Us Contact Information​ Location 3rd Floor, Vernida IV Building 128 L.P. Leviste Street, Salcedo Village Makati City, 1227 Metro Manila Contact Details (+632) 8815 – 9571 to 80 pecabar@pecabar.ph Drop Us a Line Trust PECABAR Law to navigate your legal challenges with expertise and care. Contact us today to learn how we can assist […]

accralaw.com

Contact us ACCRALAW only maintains www.accralaw.com and its official LinkedIn page. Any other website or social media page pretending to be ACCRALAW’s page or using any of its lawyers’ names or images for the purpose of rendering legal services is unauthorized and may be fraudulent. HEAD OFFICE 22/F, ACCRALAW Tower, 2nd Avenue corner 30th Street, […]

disini.ph

DISINI AND DISINI LAW OFFICE COOKIE POLICY (as of 08 June 2018)   I. General   Disini and Disini Law Office (“we” or “us” or “our”) may use cookies, web beacons, tracking pixels, and other tracking technologies when you visit disini.ph, elegal.ph, and privacy.com.ph, including...

fmh.ph

ROE ANNE R. CADIZ received her Juris Doctor degree from the University of the Philippines in 2017. She obtained her Bachelor of Arts degree in Political Science from the University of the Philippines in 2012.

garridofirm.com

a law office based in the philippines with experience in litigation, construction arbitration, corporate practice and research.

gtalawphil.com

For Emergency Calls:+639988450704 Guzman Acain LLP Where Innovation Meets Experience.We are a team of highly experienced and forward-thinking lawyers passionate about exceeding client expectations. We leverage...

mam4law.com

This pandemic is crushing businesses all over the country. With the loss of economic activity debts will soon start to pile up and perhaps leading to the closure of many establishments. Worse, experts are seemingly not expecting a bounce back even after the lifting of the Enhanced Community Quarantine. However, businesses should not just stop there and hang up their gloves. In 2010 the Congress enacted the Financial Rehabilitation and Insolvency Act (FRIA) aiming to save industries from bankruptcy and regain their economic status. Who may avail this? Under the said law an INSOLVENT DEBTOR (one who is unable to pay liabilities as they fall due or whose liabilities are greater than his assets), whether natural or juridical person may ask for a Court-Supervised Rehabilitation. Similarly, any creditor or group of creditors can take such remedial measure on the behalf of the debtor to ensure recoupment of their investments. Basic features of the FRIA By seeking Court-Supervised Rehabilitation businesses will have opportunity to re-structure their loans, minimize their losses, implement a rehabilitation plan, and further get the following benefits: Suspension of all actions or proceedings against the debtor – companies will obviously not recover if there are cases, left and right being filed by their creditors. Fortunately, the FRIA prevents this situation and so makes the corporate rehabilitation more feasible.Brings the company and its creditors together – With the assistance from the court, the company and its creditors will sit together, discuss the rehabilitation plan and the restructuring of the existing loans.Suspension of payments – Section 16 (q) of the law prohibits the debtor from making any payment of its liabilities once a Stay Order is issued by the court. This enables the debtor to save its remaining assets while recuperating from losses.Waiver of national and local taxes – To fully help businesses the Congress deemed it proper to includ