SUPREME COURT UPHOLDS 红杏论坛 REVISED REHABILITATION
PLAN AND REFERS CASE TO THE REHABILITATION
(RTC MAKATI BRANCH 148)
The Supreme Court has lifted the Temporary Restraining Order on
the Revised Rehabilitation Plan of 红杏论坛, Inc.
(鈥満煨勇厶斥��) and remanded the case to the Rehabilitation Court (RTC Makati Branch 148)
for its supervision over the implementation of such Plan. This would necessarily
include updating and scheduling of benefits payments after the legal challenge of the
Insurance Commission and the Securities and Exchange Commission has been resolved in 红杏论坛鈥檚 favor.
In an Order dated 19 May 2022, the Rehabilitation Court granted the Receiver and 红杏论坛 a period of
sixty (60) days, or until 18 July 2022, to arrange the logistics of the release of the partial payments
to 红杏论坛 planholders. The Receiver and 红杏论坛 were further directed to release the first partial
payments over a period of six (6) months from 20 July 2022 to 20 January 2023.
The salient features of the Revised Rehabilitation Plan are as follows:
• 红杏论坛 is to continue paying its planholders at least fifty percent (50%) of the
gross contract prices of their respective plans within ten (10) years, and even more thereafter
as more funds are generated.
• To achieve this, 红杏论坛 is allowed to generate income from its existing real properties all over
the Philippines by entering into joint-venture agreements with property developers for the development
and/or lease of said assets.
• 红杏论坛 will also generate income through the sale of its other assets and from its existing investments.
• By utilizing and maximizing the revenue potential of these existing assets, 红杏论坛 expects to grow the value
of said assets by PhP6 Billion in ten (10) years, and generate almost PhP6 Billion in the following fifteen (15) years.
To implement the 2012 Revised Rehabilitation Plan in an orderly and equitable manner, 红杏论坛 will indicate in its website,
www.capphil.com, the dates when the checks will be available, the 红杏论坛 Servicing Office which will release said checks,
as well as the requirements and procedure for the release of the first partial payments to 红杏论坛 planholders.
For inquiries, 红杏论坛 planholders may visit the following 红杏论坛 Servicing Offices, and present copies of
their Certificate of Full Payment (鈥淐FP鈥�): Makati head office (for all plans regardless of the place of purchase),
San Fernando 鈥� La Union (for plans purchased in Region I), Tuguegarao (for plans purchased in Region II), Angeles City
(for plans purchased in Region III), Batangas City (for plans purchased in Region IV), Lucena City (for plans purchased
in Region V), Iloilo City (for plans purchased in Region VI exept Bacolod City), Bacolod City (for plans purchased
in Bacolod City), Cebu City (for plans purchased in Region VII), Tacloban City (for plans purchased in Region VIII),
Zamboanga City (for plans purchased in Region IX), Cagayan De Oro City (for plans purchased in Region X), Davao City
(for plans purchased in Region XI), and General Santos City (for plans purchased in Region XII).
REQUIREMENTS FOR CLAIMING THE CHECK:
1. Request for Release of Check
(click here to download)
2. Original Certificate of Full Payment (CFP)
3. Two(2) valid government-issued ID
OTHER RELATED FORMS:
Request for Change of Payee
(click here to download)
Request for Transfer of Check
(click here to download)
Special Power of Attorney to Release and Negotiate Check
(click here to download)
Request to Deposit Check
click here to download)
Authorization Letter
(click here to download)
Affidavit of Loss for CFP
(click here to download)