MRL3701 ASSIGNMENT 1 –
SEMESTER 1 (2025) – DUE 25
MARCH 2025
User
, MRL3701 ASSIGNMENT 1 –
SEMESTER 1 (2025) – DUE
25 MARCH 2025
QUESTION: Thabo owes an amount of
R2 567 374.00 to his creditors. Since
Thabo’s retrenchment by his long-
standing employer in March 2024,
Thabo has been experiencing ongoing
financial difficulty. He has failed to pay
his debts over the past few months, and
since 30 November 2024 his liabilities
have exceeded his assets. Maria is one
of Thabo’s creditors, who is owed an
amount of R320 000 by Thabo. Thabo’s
debt to Maria was due and payable on 5
January 2025, but Thabo failed to pay
the debt. Disappointed at this, Maria
undertook an investigation into Thabo’s
financial affairs. She has established
that Thabo owns an apartment valued
at R2 250 000 and furniture valued at
R300,000. She has also discovered that
Thabo had owed his cousin an amount
of R400,000, which was due and
payable only on 30 April 2025, and that
Thabo had made an early repayment in
SEMESTER 1 (2025) – DUE 25
MARCH 2025
User
, MRL3701 ASSIGNMENT 1 –
SEMESTER 1 (2025) – DUE
25 MARCH 2025
QUESTION: Thabo owes an amount of
R2 567 374.00 to his creditors. Since
Thabo’s retrenchment by his long-
standing employer in March 2024,
Thabo has been experiencing ongoing
financial difficulty. He has failed to pay
his debts over the past few months, and
since 30 November 2024 his liabilities
have exceeded his assets. Maria is one
of Thabo’s creditors, who is owed an
amount of R320 000 by Thabo. Thabo’s
debt to Maria was due and payable on 5
January 2025, but Thabo failed to pay
the debt. Disappointed at this, Maria
undertook an investigation into Thabo’s
financial affairs. She has established
that Thabo owns an apartment valued
at R2 250 000 and furniture valued at
R300,000. She has also discovered that
Thabo had owed his cousin an amount
of R400,000, which was due and
payable only on 30 April 2025, and that
Thabo had made an early repayment in
