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Find the deductible claims against insolvent person

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Reference no: EM132979292

Question - The gross estate of Juan includes P 80,000 receivables which is duly notarized from debtor Pedro who records show:

Assets - P 100,000

Indebtedness to:

Government (unpaid taxes) - 40,000

Juan - 80,000

Other creditors - 20,000

Required - Find the deductible claims against insolvent person?

Reference no: EM132979292

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