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S. W. O'brien, Et Al. Vs. Hon. Simplicio Del Rosario, Et Al. 049 Phil 657

S. W. O'BRIEN, A. S. CROSSFIELD, L. R. SWEET, FINDLAY MILLAR TIMBER CO., and ASIATIC PETROLEUM CO., (P. I.), LTD., petitioners, vs. Honorable SIMPLICIO DEL ROSARIO, Judge of First Instance of Manila, and THE BANK OF THE PHILIPPINE ISLANDS, respondents.

G.R. No. 26320 | 1926-12-03

D E C I S I O N


JOHNS, J.:

The questions presented involves the construction of Act No. 1956 known as the Insolvent debtors, the protection of creditors, and the punishment of fraudulent debtors."

Section 1 provides:

"This Act shall be known and may be cited as the Insolvency Law, and in accordance with its provisions every insolvent debtor may be permitted to suspend payments or be discharged from his debts and liabilities."

Under the head of "Voluntary Insolvency" among other things, section 18 of the Act provides:

"Upon the granting of said order all civil proceedings pending against the said insolvent shall be stayed. When a...