Republic Acts1 min read
Section 66Sec./Art. 66
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Filing of Objections to Rehabilitation Plan. A creditor may file an objection to the Rehabilitation Plan within twenty (20) days from receipt of notice from the court that the Rehabilitation Plan has been submitted for confirmation. Objections to a Rehabilitation Plan shall be limited to the following:
(a) The creditors' support was induced by fraud;
(b)The documents or data relied upon in the Rehabilitation Plan are materially false or misleading; or
(c)The Rehabilitation Plan is in fact not supported by the voting creditors.
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