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CHARACTERISTICS OF CONCURRENCE AND PREFERENCE
1. The liens and mortgages with respect to specific movable and immovable property
have been increased.
2. The New Civil Code and the Insolvency Law have been brought into harmony.
3. Preferred claims as to the free property of the insolvent have also been augmented.
4. The order of preference among claims with respect to specific personal and real property
has been abolished, except that taxes must first be satisfied.
1. The liens and mortgages with respect to specific movable and immovable property
have been increased.
2. The New Civil Code and the Insolvency Law have been brought into harmony.
3. Preferred claims as to the free property of the insolvent have also been augmented.
4. The order of preference among claims with respect to specific personal and real property
has been abolished, except that taxes must first be satisfied.
