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                    [Title] => QC RTC okays amended rehab plan of Philrealty
                    [Summary] => The Quezon City Regional Trial Court has approved the amended rehabilitation plan for cash-strapped Philippine Realty and Holdings Inc. as it found the company’s business still viable.


In an order issued yesterday, the court said Philrealty deserves a chance at rehabilitation in accordance with the amended plan, which calls for the settlement of bank loans through a combination of dacion-en-pago (payment-in-kind scheme) and debt restructuring.


                    [DatePublished] => 2004-06-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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                    [ArticleID] => 252020
                    [Title] => Philrealty seeks court approval for its amended rehabilitation program
                    [Summary] => The rehabilitation receiver for Philippine Realty and Holdings Inc. has asked the Quezon City Regional Trial Court to approve the property developer’s amended recovery program, which calls for the settlement of P1.31 billion in secured debt through a dacion en pago (payment in kind) arrangement.


The amended rehab plan also calls for the restructuring of P890.6 million in secured debt over a period of 10 years, and the completion of the Skyline tower of Philrealty’s Andrea North Project in Quezon City, estimated to cost P1.18 billion.


                    [DatePublished] => 2004-05-31 00:00:00
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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ANDREA SKYLINE PROJECT

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                    [ArticleID] => 254290
                    [Title] => QC RTC okays amended rehab plan of Philrealty
                    [Summary] => The Quezon City Regional Trial Court has approved the amended rehabilitation plan for cash-strapped Philippine Realty and Holdings Inc. as it found the company’s business still viable.


In an order issued yesterday, the court said Philrealty deserves a chance at rehabilitation in accordance with the amended plan, which calls for the settlement of bank loans through a combination of dacion-en-pago (payment-in-kind scheme) and debt restructuring.


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                    [ArticleID] => 252020
                    [Title] => Philrealty seeks court approval for its amended rehabilitation program
                    [Summary] => The rehabilitation receiver for Philippine Realty and Holdings Inc. has asked the Quezon City Regional Trial Court to approve the property developer’s amended recovery program, which calls for the settlement of P1.31 billion in secured debt through a dacion en pago (payment in kind) arrangement.


The amended rehab plan also calls for the restructuring of P890.6 million in secured debt over a period of 10 years, and the completion of the Skyline tower of Philrealty’s Andrea North Project in Quezon City, estimated to cost P1.18 billion.


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abtest

QC RTC okays amended rehab plan of Philrealty

By Zinnia B. Dela Peña | June 17, 2004 - 12:00am

The Quezon City Regional Trial Court has approved the amended rehabilitation plan for cash-strapped Philippine Realty and Holdings Inc. as it found the company’s business still viable. In an order issued yesterday,...

Business

Philrealty seeks court approval for its amended rehabilitation program

By Zinnia B. Dela Peña | May 31, 2004 - 12:00am

The rehabilitation receiver for Philippine Realty and Holdings Inc. has asked the Quezon City Regional Trial Court to approve the property developer’s amended recovery program, which calls for the settlement...

Business