Article 232
ELI5— what this means for you
The family home, after its creation by virtue of judicial approval, shall be exempt from execution, forced sale, or attachment, except: (1) For nonpayment of taxes.
Official text — RA 386
The family home, after its creation by virtue of judicial approval, shall be exempt from execution, forced sale, or attachment, except:
(1) For nonpayment of taxes; or
(2) In satisfaction of a judgment on a debt secured by a mortgage constituted on the immovable before or after the establishment of the family home.
In case of insolvency of the person constituting the family home, the property shall not be considered one of the assets to be taken possession of by the assignee for the benefit of creditors.
Source: lawphil.net (RA 386 as amended)
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