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Act No. 1956 Section 81

Section 81

SEC. 81. If no creditor files written objections, the court may, upon the application of the debtor, if it he a voluntary petition, or of the petitioning creditors, if a creditor's petition, dismiss the, petition and discontinue the proceedings at any time before the appointment of an assignee, upon giving not less than two nor more than eight weeks notice to the creditors, in the same manner that notice of the time and place of election of an assignee is given: Provided, however, That by written consent of all creditors filed in the court the proceedings may be dismissed at any time. After the appointment of an assignee, no dismissal shall be made without, the consent of all parties interested in or affected thereby.

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Other provisions in CHAPTER XIII.

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 2026-07-04

CitationAct No. 1956 Section 81 (LawPlayer, data as of 2026-07-04)

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

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