Default.
Section 107
SEC. 107. Default. — If the individual debtor shall default or if, after trial, the issues are found in favor of the petitioning creditors the court shall issue the Liquidation Order mentioned in Section 112 hereof.
RA 10142 Section 107
Other provisions in CHAPTER VI
- Section 100: Objections.
- Section 101: Effects of Approval of Proposed Agreement.
- Section 102: Failure of Individual Debtor to Perform Agreement.
- Section 103: Application.
- Section 104: Liquidation Order.
- Section 105: Petition; Acts of Insolvency.
- Section 106: Order to Individual Debtor to Show Cause.
- Section 108: Absent Individual Debtor.
- Section 109: All Property Taken to be Held for All Creditors; Appeal Bonds; Exemptions to Sureties.
- Section 110: Sale Under Execution.
CitationRA 10142 Section 107 (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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