Episode description

The COVID-19 pandemic and high inflation rates have left some businesses unable to pay their debts. Creditors are often left holding the bag with little to no options for debt collection, given the prolonged period of time and high costs associated of collecting debts through judicial proceedings. However, there is an alternative.

 Join us as Atty. Mark De Leon, a Prime Mover and Counsel of Gorriceta Africa Cauton and Saavedra, discusses Republic Act No. 10142 or the Financial Rehabilitation and Insolvency Act. Atty. Mark’s discussion guides listeners through a step-by-step discussion on how financial rehabilitation proceedings are carried out and offers insights on how financial rehabilitation can help creditors and debtors come to a win-win solution that can bypass costly and lengthy litigation. 

•  0:00 – Podcast Introduction
• 1:17 – Introduction to Guest Speaker 
• 2:25 – Financial Rehabilitation as an Option for Creditors to Collect Debts 
• 12:40 – How Financial Rehabilitation Proceedings Work 

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Gorriceta Africa Cauton & Saavedra is a top-tier full service law firm in the Philippines, ranked and recognized locally and internationally for its excellent legal services. 

You may contact Gorriceta through counselors@gorricetalaw.com or +632 8696-0687.