1. The suspension of payment as opposed to liquidation?

Group of answer choices

500,000 is the minimum amount of debt

applicable to both juridical person and insolvent debtor

no minimum amount of debt is required

the asset of the debtor is less than the liabilities

2. In liquidation of individual debtor, which of the following is correct?

Group of answer choices

The debtor has to pay bond in case of voluntary liquidation

The liquidation order shall be issued after trial in case of voluntary liquidation

The creditor has to pay bond in case of voluntary liquidation

The liquidation order shall be issued even without trial in case of voluntary liquidation

3. Which of the following is correct?

Group of answer choices

In a rehabilitation of individual debtor, the debtor is solvent and the aggregate liability is at least five hundred thousand

In a rehabilitation of individual debtor, the debtor is insolvent and the aggregate liability is at least five hundred thousand

In suspension of payment of individual debtor, the debtor is insolvent and the aggregate liability is at least one million pesos

In a suspension of payment of individual debtor, the debtor is solvent and there is no minimum liability requirement.