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Exam (elaborations)

INSOLVENCY 2025/2026 ACCURATE QUESTIONS AND (COMPLETE VERIFIED ANSWERS) 100% GUARANTEED DISTINCTION
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4

September 2025

2025/2026

A+
Insolvency is the inability of the debtor to pay back the creditor. Which then requires the appointment of a third party to liquidate the debtors assets and distribute them to the creditors in statutorily prescribed manner
Kinyua254
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Summary

EXAM PACK ANSWERS (2020 - 2024) AND 2024 BRIEF NOTES The study-notes marketplace MRL3701 INSOLVENCY LAW PAST EXAM PACK QUESTIONS AND ANSWERS (2020 -2024) SUMMARISED NOTES 2024
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665

July 2025

2024/2025
EXAM PACK ANSWERS () AND 2024 BRIEF NOTES The study-notes marketplace MRL3701 INSOLVENCY LAW PAST EXAM PACK QUESTIONS AND ANSWERS () SUMMARISED NOTES 2024
nursemoen
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Exam (elaborations)

Insolvency Exam Questions with Complete Solutions.
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March 2025

2024/2025

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Insolvency Exam Questions with Complete Solutions Statutes that govern insolvency - Correct Answers: Bankruptcy (Scotland) Act 2016 & Insolvency Act 1986. What is insolvency? - Correct Answers: The inability of the debtor to pay back the creditor. Which then requires the appointment of a third party to liquidate the debtors assets and distribute them to the creditors in statutorily prescribed manner What two broad categories are there for insolvency? - Correct Answers: - Personal in...
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Exam (elaborations)

Insolvency Exam Questions and Complete Solutions.
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March 2025

2024/2025

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Insolvency Exam Questions with Complete Solutions What is the importance of legislation? (3) - Correct Answers: - to protect the rights of creditors as well as business owners - to outline the obligations of debtors - provide a fair and ordinary discharge of financial affairs when a debtor (individual or business) is unable to repay their debts. Who does bankruptcy apply to? - Correct Answers: Individuals What are 4 reasons for bankruptcy? - Correct Answers: - poor investments ...
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Exam (elaborations)

Chapter 21 The law of insolvency (LQ) Exam Questions with Complete Solutions.
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March 2025

2024/2025

A+
Available in bundle
Chapter 21: The law of insolvency (LQ) Exam Questions with Complete Solutions Steven owes Thandi, Joseph and SARS money. Steven gave Thandi a valuable painting to keep until he has fully paid the debt. They agreed that if Steven did not pay Thandi she could sell the painting to recover the debt that Steven owes her. Steven owes SARS R5 000 in arrear taxes. Joseph painted Steven's house and Steven still owes him R1 000 for the job. Assume Steven is then declared insolvent. Briefly explain ...
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Exam (elaborations)

INSOLVENCY LAW Exam Questions with Complete Solutions
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2

March 2025

2024/2025

A+
Available in bundle
INSOLVENCY LAW Exam Questions with Complete Solutions Explain the meaning of "insolvency"? - Correct Answers: The test is whether the debtor's liabilities exceed his assets. Explain the purpose of a sequestration order. - Correct Answers: It's a formal declaration that a debtor is insolvent. Explain the meaning of estate? - Correct Answers: A collection of assets and liabilities, but a debtor who only has liabilities may be regarded as having one. Explain the meaning of d...
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Exam (elaborations)

Law - Chapter 8 Insolvency law corporate and personal Exam Questions with Complete Solutions.
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March 2025

2024/2025

A+
Available in bundle
Law - Chapter 8: Insolvency law: corporate and personal Exam Questions with Complete Solutions The role of the 'administrator' is to carry out the following, in the order set out: (3) - Correct Answers: 1) To rescue the company as a going concern 2) If this is not reasonably practicable, to achieve a better result for the company's creditors as a whole than would be likely with a winding-up 3) If neither is reasonably practicable, and provided the administrator does not unneces...
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Exam (elaborations)

Chapter 10 - Insolvency law Exam Questions with Complete Solutions.
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29

March 2025

2024/2025

A+
Available in bundle
Chapter 10 - Insolvency law Exam Questions with Complete Solutions 1 Administration 1.1 The purpose of administration - There are three key purposes of administration in order set below: (state the first 2) - Correct Answers: 1) To rescue the company as a going concern. 2) If this is not reasonably practicable, to achieve a better result for the company's creditors as a whole than would be likely with a winding-up 1 Administration 1.1 The purpose of administration - The...
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Exam (elaborations)

Commercial Law - Insolvency Exam Questions with Complete Solutions.
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30

March 2025

2024/2025

A+
Available in bundle
Commercial Law - Insolvency Exam Questions with Complete Solutions What is insolvency? - Correct Answers: In the financial sense, insolvency is when the debtor cannot mean their liabilities to creditors. Various legal and practical consequences of insolvency in the financial sense require further clarification. Common element to these procedures is that an officially appointed third party has the responsibility of turning the property into liquid assets (if it is not already in such a for...
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