Insolvency Law MRL3701

University of South Africa (Unisa)

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Exam (elaborations)

MRL3701 Assignment 1 ANSWERS Semester 2 2025 - DUE 12 Aug 2025
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MRL3701 Assignment 1 2025 SEMESTER 2 2025 OPEN 5 AUGUST, AND THE DUE DATE IS 12 AUGUST. QUESTION: Thandeka and Owen are married out of community of property. They came to see you as their legal representative. Their separate businesses were affected by the COVID-19 pandemic. As a result, their finances have been affected and they are struggling to make ends meet. They have thought it in their best interests to both get sequestrated. To save on sequestration costs, they wish to b...
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MRL3701 Assignment 2 ANSWERS Semester 2 2025 - DUE 9 Sept 2025
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MRL3701 Assignment 2 2025 DUE 9 September 2025 QUESTION: Bongani is experiencing financial difficulty. He has failed to pay his debts over the past few months, and his liabilities have exceeded his assets since 28 October 2024. Bongani owes a total of R2 500 000 to his creditors, including Flora to whom he owes R280 000. Although this debt was due and payable to Flora on 8 January 2024, Bongani failed to pay the debt. Frustrated by not having been paid back, Flora undertook an invest...
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MRL3701 Assignment 1 2025 - Due 25 March 2025
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2024/2025

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Question 1 With the above in mind, discuss whether Maria is likely to be successful in an application for a court order for the sequestration of Thabo’s estate. Include in your discussion the requirements she must prove to succeed with such an application. Legal Framework for Sequestration In terms of the Insolvency Act 24 of 1936, Maria, as a creditor, may apply for the sequestration of Thabo’s estate on the basis that he is insolvent. To succeed in this application, Maria ...
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MRL3701 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED
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July 2024

2023/2024

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Well-structured MRL3701 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... QUESTION: Simphiwe owes a total of R3 million to various creditors. His creditors include Tebogo to whom he owes R400 000. He also owes R1,3 million to BFN Bank. Last year Simphiwe invested in a get-rich-quick scheme and as a result he lost a lot of money. This left him in a dire financial situation. By 31 October 2023 his liabilities exceeded his assets b...
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Exam (elaborations)

2023 SEMESTER 2 ASSIGNMENT 2 - Insolvency Law - MRL3701 (MRL3701)
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September 2023

2023/2024

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QUESTION: The estate of Mr. Diedericks has been finally sequestrated in May of 2023. Two trustees have been appointed for the insolvent’s estate. You are one of the trustees. Accordingly, the next step is that certain meetings of creditors should now take place. By referring to the general provisions relating to meetings, discuss: 1. The recording of proceedings that must be followed at every meeting; (5) 2. The date and venue of the meetings. (5)
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