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Act No. 1956 Section 21

Act No. 1956 Section 21

Section 21

SEC. 21. Upon the filing of such creditors petition, the court or a judge thereof shall issue an order requiring such debtor to show cause, at a time and place to be fixed by said court or judge, why lie should not be adjudged an insolvent debtor; and at the same time. or thereafter, upon good cause shown therefor, said court or judge may make an order forbidding the payment of any debts, and the delivery of any property belonging to such debtor to him or to my other person for his use or benefit or the transfer of any properly by him.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IV. →

Other provisions in CHAPTER IV.

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 1956 Section 21 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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