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FACTS:
1. BF Homes filed a “Petition for Rehabilitation and
for Declaration of Suspension of Payments” (SEC Case
No. 002693) with the Securities and Exchange
Commission (SEC). This is a ruling wherein “whenever
a distressed corporation asks SEC for rehabilitation
and suspension of payments, preferred creditors may
no longer assert such preference but stand on equal
footing with other creditors.”
9.
ISSUE:
Whether or not the
DECISION
WHEREFORE, petitioner’s motion for reconsideration
is hereby GRANTED. The decision, dated September