Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR THE RECOVERY AND LIQUIDATION OF FINANCIALLY DISTRESSED JURIDICAL ENTITIES
Date filed
July 2, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00293 |
| FULL TITLE : AN ACT PROVIDING FOR THE RECOVERY AND LIQUIDATION OF FINANCIALLY DISTRESSED JURIDICAL ENTITIES |
| SHORT TITLE : "Corporate Recovery and Liquidation Act" |
| ABSTRACT : "Corporate Recovery and Liquidation Act". The bill seeks to overhaul the bankruptcy and rehabilitation regime in the country with three (3) reform objectives: a) inject speed and efficiency in the resolution of rehabilitation and insolvency cases, b) adjust and balance the rights of creditors and debtors, and c) adhere to international standards and best practices. |
| PRINCIPAL AUTHOR/S : LOPEZ, JAIME C. |
| DATE FILED : 2007-07-02 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Codilla (024 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2008-12-02 |
| 2. Approved by the Committee on 2008-12-16 |
| 3. Approved by the Committee on 2008-12-16 |
| MOTHER BILL: HB07090 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON ECONOMIC AFFAIRS ON 2008-08-12 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON BANKS AND FINANCIAL INTERMEDIARIES, COOPERATIVES DEVELOPMENT |
| PREVIOUS COMMITTEE REFERRALS :PRIMARILY REFERRED TO BANKS AND FINANCIAL INTERMEDIARIES on 2007-07-24; |
Abstract
"Corporate Recovery and Liquidation Act". The bill seeks to overhaul the bankruptcy and rehabilitation regime in the country with three (3) reform objectives: a) inject speed and efficiency in the resolution of rehabilitation and insolvency cases, b) adjust and balance the rights of creditors and debtors, and c) adhere to international standards and best practices.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.