FINANCIAL LIQUIDATION AND SUSPENSION OF PAYMENTS RULES OF

PROCEDURE FOR INSOLVENT DEBTORS

1. What is the scope of these rules?

2. Who may file petition in voluntary liquidation of proceedings of insolvent

juridical debtors?

3. Who may file petition in involuntary liquidation of proceedings of insolvent

juridical debtors?

4. Who may file petition in insolvency of individual debtors?

5. Who may file petition in voluntary liquidation of individual debtors?

6. Who may file petition in involuntary liquidation of individual debtors?

7. What is a liquidation order?

8. What are the effects of the Liquidation Order?

9. What are the rights of the secured creditors?

10. What are the qualifications of the Liquidator?

11. What are the powers, duties and responsibilities of the Liquidator?

12. How is the Liquidator compensated?

13. What is the Liquidation Plan?

14. When is termination of Proceedings effected?

15 Which court has jurisdiction over these cases?

A.M. No. 00-8-10-SC December 2, 2008

RULES OF PROCEDURE ON CORPORATE REHABILITATION

CORPORATE REHABILITATION

1. What is the scope of the Rules?

2. How should the Rules be construed?

3. What is the nature of the proceedings under the Rules?

4. Who may petition for rehabilitation?

5. Where should a petition for rehabilitation be filed?

6. Are the Rules of court applicable to the proceedings?

7. What are the contents of the petition filed by the debtor?

8. What should be attached to the petition filed by the debtor?

9. What are the attachments to the petition filed by creditor?

10. Under what circumstance could the petition be dismissed?

11. What are the contents of the order that the court shall issue if it finds the
petition for rehabilitation to be sufficient in form and substance?

12. For how long is the stay order to be effective?

13. Could the stay order be modified or terminated? Could conditions be set for
its continuance? Could a claim be relieved from the coverage of the order?

14. What is the concept of adequate protection over property?

15. What are the contents of the rehabilitation plan?

16. What is the power of the court to cram down a rehabilitation plan?

17. What is the effect of the approval by the court of the rehabilitation plan on
the debtor and creditors?

18. What is the primary task of the rehabilitation receiver? Does he take over the
management and control of the debtor?