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MRL3701
INSOLVENCY LAW
ASSIGNMENT 1
MEMO
SEMESTER 1
2022
4 PAGES
, Assignment 01
QUESTION:
Alice approaches you for advice. She informs you that she owes many people a
lot of money and wishes to apply for her own Voluntary Surrender. She asks if
you could perhaps, as her best friend, help her to write a formal letter to give to
her brother, stating that she can no longer pay her debts to him.
Discuss what this action above is called and refer to relevant legislation. Also
advise Alice as to whether she will succeed in her action to apply for Voluntary
Surrender.
TOTAL FOR ASSIGNMENT 01: [10]
ANSWER ---------------------------------------→ PAGE 3