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Magic Homes is to be liquidated. All creditors, both secured and unsecured, are owed Php 2,000,000. Administrative costs of liquidation and wages payments are expected

Magic Homes is to be liquidated. All creditors, both secured and unsecured, are owed Php 2,000,000. Administrative costs of liquidation and wages payments are expected to be Php 500,000. A sale of ass...

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