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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
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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EXPORT INDUSTRY BANK AND EQUITABLE

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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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                    [ColumnID] => 133272
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                    [AuthorName] => Zinnia B. Dela Peña
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abtest

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