Tuesday, January 20, 2009

Philippine bar exam questions 2008 (Mercant Q18)

a) Can a distressed corporation file a petition for corporate rehabilitation after the dismissal of its earlier petition for insolvency? Why? (2%)


b) Can the corporation file a petition for rehabilitation first, and after it is dismissed file a petition for insolvency? Why? (2%)


c) Explain the phrase “equality is equity” in corporate rehabilitation proceedings. (2%)

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