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RA 10142 Section 77

Issuance of Order.

Section 77

SEC. 77. Issuance of Order. — Within five (5) working days, and after determination that the petition is sufficient in form and substance, the court shall issue an Order which shall; identify the debtor, its principal business of activity/ies and its principal place of business; declare that the debtor is under rehabilitation; summarize the ground./s for the filling of the petition; direct the publication of the Order in a newspaper of general circulation in the Philippines once a week for at least two (2) consecutive weeks, with the first publication to be made within seven (7) days from the time of its issuance; direct the service by personal delivery of a copy of the petition on each creditor who is not a petitioner holding at least ten percent (10%) of the total liabilities of the debtor, as determined in the schedule attached to the petition, within three (3) days; state that copies of the petition and the Rehabilitation Plan are available for examination and copying by any interested party; state that creditors and other interested parties opposing the petition or Rehabilitation Plan may file their objections or comments thereto within a period of not later than twenty (20) days from the second publication of the Order; appoint a rehabilitation receiver, if provided for in the Plan; and include a Suspension or Stay Order as described in this Act.

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Other provisions in CHAPTER III

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

CitationRA 10142 Section 77 (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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