Always cite or provide your legal basis in answering the ff. matters Explain it briefly.

a. In outline form, summarize the procedure that may be undertaken for:

1. Court-Assisted Rehabilitation Proceedings;

2. Voluntary Insolvency Proceedings; and

3. Involuntary Insolvency Proceedings.

b. In case your company is insolvent, can the - (1) individual stockholders, (2) creditors, or (3) any officer of the company- file an insolvency petition?

c. Assuming that there are pending suits against your company, what would be the effect of filing an insolvency proceeding on such pending suits?