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1. Juan has total assets worth P1,000,000 and total liabilities amounting to P900,000. most of his assets are in the form of fixed assets that

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1. Juan has total assets worth P1,000,000 and total liabilities amounting to P900,000. most of his assets are in the form of fixed assets that cannot be easily sold while n his liabilities will mature within one (1) month. What legal remedy under Rehabilitation and Insolvency Act (FRIA) shall be availed by Juan? a. Petition for declaration of suspension of payments b. Petition for voluntary liquidation of insolvent individual debtor C. Petition for rehabilitation d. Petition for involuntary liquidation

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