Summary MRL3701 Insolvency law study notes

Study notes for Unisa students: MRL3701 – INSOLVENCY LAW Downloaded by Emma Cain () lOMoARcPSD| Study Notes24 2 by Carella Holdings (Pty) Ltd. TABLE OF CONTENTS: STUDY UNIT 1 INTRODUCTION TO INSOLVENCY LAW 4 STUDY UNIT 2 – 3 VOLUNTARY SURRENDER 10 STUDY UNIT 4 – 5 COMPULSORY SEQUESTRATION 20 STUDY UNIT 6 THE LEGAL POSITION OF THE INSOLVENT 35 STUDY UNIT 7 VESTING OF THE ASSETS OF THE INSOLVENT 43 STUDY UNIT 8 VESTING OF THE ASSETS OF THE SOLVENT SOUSE 50 STUDY UNIT 9 – 11 UNCOMPLETED CONTRACTS AND LEGAL PROCEEDINGS NOT YET FINALISED 54 STUDY UNIT 12 MEETINGS OF CREDITORS AND PROOF OF CLAIMS 65 STUDY UNIT 13 THE ELECTION OF THE TRUSTEE 68 STUDY UNIT 14 IMPEACHABLE DISPOSITIONS – INTRODUCTION AND DISPOSITIONS MADE NOT FOR VALUE 74 STUDY UNIT 15 VOIDABLE DISPOSITIONS – VOIDABLE AND UNDUE PREFERENCE, COLLUSIVE DEALINGS AND THE ACTIO PAULIANA 81 STUDY UNIT 16 IMPEACHABLE DISPOSITIONS – TRANSFER OF BUSINESS WITHOUT PRESCRIBED NOTICE 90 STUDY UNIT 17 CREDITORS’ CLAIMS AND THEIR RANKING - THE DIFFERENT TYPES OF CREDITORS 93 STUDY UNIT 18 CREDITORS’ CLAIMS AND THEIR RANKING – THE ORDER OF RANKING FOR PAYMENT 99 STUDY UNIT 19 COMPOSITION 103 STUDY UNIT 20 REHABILITATION 108 STUDY UNIT 21 PARTNERSHIP AND SEQUESTRATION 112