Compulsory sequestration Study guides, Study notes & Summaries

MRL3701 assignment 2 for Semester 1 2024. Comprehensive Solutions with Footnotes and Bibliography 10 years of Law writing experience – BUY QUALITY WORK! This assignment is discussed in great detail and footnotes and Bibliography are included, Alterantive options are provided. EXAMPLE: QUESTION 1 A: In terms of section 8 of the Insolvency Act 24 of 1936,1 any creditor who is owed more than R100 can apply to court for the compulsory sequestration of the debtor's estate. Section 9(1)2 allows proc...

MRL3701 assignment 2 for Semester 1 2024. Comprehensive Solutions with Footnotes and Bibliography 10 years of Law writing experience – BUY QUALITY WORK! This assignment is discussed in great detail and footnotes and Bibliography are included, Alterantive options are provided. EXAMPLE: QUESTION 1 A: In terms of section 8 of the Insolvency Act 24 of 1936,1 any creditor who is owed more than R100 can apply to court for the compulsory sequestration of the debtor's estate. Section 9(1)2 allows proc...

MRL3701 Assignment 2 | 13th APRIL 2024. Solutions YOU CAN TRUST! Footnotes and Bibliography INCLUDED! In terms of section 8 of the Insolvency Act 24 of 1936,1 any creditor who is owed more than R100 can apply to court for the compulsory sequestration of the debtor's estate. Wandile is in debt of R3 million spread across multiple creditors, including a debt of R400,000 to Zozo and R1.3 million to DRG Bank. His financial woes began last year after a significant loss from an investment in a ...

MRL3701 INSOLVENCY LAW PAST EXAM PACK QUESTIONS AND ANSWERS SUMMARISED NOTES S - The study-notes marketplace MRL 3701 OCTOBER/NOVEMBER 2018 QUESTION 1 a) Inability to pay debts is, at most merely evidence of insolvency. (page 3) b) Brenda’s application for voluntary surrender must be set out the causes of her insolvency in some detail to enable the court to determine whether the application is ......................... c) Christopher commits an act of insolvency by depar...

Well-structured Well-structured BLA101 Assignment 1 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). . (DETAILED ANSWERS - DISTINCTION GUARANTEED!). Question 1 (10 marks) MULTIPLE-CHOICE QUESTIONS Each of the following sub-questions contains one statement but with multiple possible answers. Only one of the answers is correct. Read each statement very carefully and then decide which one of the options is the correct one. In your examination scr...

Question 1 1.1 Explain when a formal defect in an application for the sequestration of an insolvent estate will be considered as fatal. (5) 1.2 Explain why the court in Ex Parte Arntzen (Nedbank Ltd as Intervening Creditor) 2013 (1) SA 49 (KZP) held that creditors are more vulnerable in voluntary surrender applications than in compulsory sequestration which then gives rise to the requirement of a higher level of disclosure. (15) 1.3 One of the requirements of the Insolvency Act 24 of...

ANSWERS/ SOLUTIONS WITH REFERENCES & PREVIEW: Question 1 1.1 Explain the purpose of a sequestration order. (5) 1.2 “A sequestration order may not be granted if a debtor has only one creditor and there are not enough assets to cover the costs of sequestration.” Indicate whether this statement is true or false, and then provide the reasons for your answer. (5) 1.3 David approaches you for advice. He informs you that his brother, Samuel, owes him R15 000 for painting ...

Hocklys Insolvency Law 9th E Page v Preface This ninth edition of Hockly’s Insolvency Law follows the expanded format of the previous three editions, and its basic purpose remains the same: to provide a concise, yet fairly detailed, account of the law of insolvency, winding-up, and business rescue proceedings (which have replaced judicial management). The book aims at a wide readership. For the subject specialist, it offers an update of recent developments in the law relating to insolv...

REQUIREMENTS Correct Answer Court must be satisfied: 1. The applicant has established a claim which entitles him, in terms of s9(1) to apply for sequestration of the debtor's estate. 2. the debtor has committed an act of insolvency or is insolvent 3. there is reason to believe that it will be to the advantage of creditors of the debtor if his estate is sequestrated (s12(1)) ONUS of satisfying court on these three matters rests throughout on the sequestrating creditor. APPLICANT ENTITLE...

Question 1 1.1 Explain the concept "concursus creditorum" as well as what it presupposes. (5) 1.2 ABC Ltd is a British company that owns property which is lying in a warehouse in Cape Town harbour. ABC Ltd does not have a place of business in South Africa. Will the Western Cape High Court, Cape Town, have jurisdiction to sequestrate ABC Ltd.’s estate? (5) 1.3 Fred approaches you for advice. He informs you that Jenna owes him R24 000 for cleaning services rendered by his company....