Submission of Report on Petitions for Corporate Rehabilitation
OCA Circular No. 81-07, dated August 29, 2007, directs all Clerks of Courts in the Regional Trial Court to submit a report on fees collected for corporate rehabilitation petitions from 2002 to the present. This follows a Court En Banc resolution allowing staggered fee payments for petitions exceeding P100,000.00, although implementation was deferred pending further study on the revised payment approach. The required report must be submitted to the Financial Management Office by September 30, 2007, with strict compliance emphasized.
Law Information
- Reference Number
- OCA Circular No. 81-07
- Date Enacted
- Category
- Supreme Court Issuances
- Subcategory
- Office of the Court Administrator Circulars
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
August 29, 2007
OCA CIRCULAR NO. 81-07
| TO | : | All Clerks of Courts in the Regional Trial Court |
| SUBJECT | : | Submission of Report on Petitions for Corporate Rehabilitation |
The Court En Banc in its Resolution dated September 19, 2006 in Administrative Matter No. 04-2-04-SC, allowed the payment of fees in petitions for corporate rehabilitation in excess of P100,000.00 on a staggered basis under Section 21 (i), Rule 141 of the Rules of Court. Subsequently, the implementation thereof was deferred pending the study on the effects of the revised manner of payment of legal fees in petitions for rehabilitation. cDSAEI
In view hereof, all Clerks of Courts in the Regional Trial Court are hereby directed to submit a report on fees collected on corporate rehabilitation from 2002 to present. Hereto attached is the report form to be submitted to the Financial Management Office, Office of the Court Administrator on or before the 30th day of September 2007.
Strict compliance is hereby enjoined.
(SGD.) CHRISTOPHER O. LOCKCourt Administrator
Cite This Law
Submission of Report on Petitions for Corporate Rehabilitation, OCA Circular No. 81-07, Aug 29, 2007 (Philippines)
Submission of Report on Petitions for Corporate Rehabilitation, OCA Circular No. 81-07 (Phil. 2007)
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