Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR THE REHABILITATION OF FINANCIALLY DISTRESSED CORPORATIONS, AMENDING FOR THE PURPOSE P.D. NO. 902-A, AS AMENDED
Date filed
February 7, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB03542 |
| FULL TITLE : AN ACT PROVIDING FOR THE REHABILITATION OF FINANCIALLY DISTRESSED CORPORATIONS, AMENDING FOR THE PURPOSE P.D. NO. 902-A, AS AMENDED |
| SHORT TITLE : "Corporate Rehabilitation Act of 2005" |
| ABSTRACT : The bill institutionalizes the mechanism by which financially distressed corporations may be restored to their former positions of financial stability and profitability in a manner that will allow them to continue their business and, at the same time, ensure the orderly repayment of their obligations to their creditors. |
| PRINCIPAL AUTHOR/S : VILLAROSA, AMELITA C. |
| DATE FILED : 2008-02-07 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: HB07090 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2008-02-19 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON ECONOMIC AFFAIRS |
Abstract
The bill institutionalizes the mechanism by which financially distressed corporations may be restored to their former positions of financial stability and profitability in a manner that will allow them to continue their business and, at the same time, ensure the orderly repayment of their obligations to their creditors.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.