Legal Insights
Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.
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Rehabilitation Plans and Creditor Rights: When Debt Restructuring Binds Secured Creditors
When can a rehabilitation plan force creditors to accept debt restructuring? The Supreme Court explains in China Banking v. St. Francis Square.
Trust Receipts vs Ordinary Loans: When Debt Restructuring Does Not Erase Criminal Liability
Philippine National Bank v. Soriano clarifies when restructuring a trust receipt loan does not extinguish criminal liability for estafa under PD 115.
Novation Must Be Clear: Restructuring Agreements Do Not Automatically Extinguish Prior Obligations
Philippine Supreme Court ruling on when debt restructuring novates an obligation and when it merely modifies the original agreement.
Novation and Trust Receipts: When a Debt Restructuring Agreement Extinguishes Criminal Liability
Learn when a debt restructuring agreement novates trust receipt obligations and extinguishes criminal liability under Philippine law.