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Examen
INSOLVENCY 2025/2026 ACCURATE QUESTIONS AND (COMPLETE VERIFIED ANSWERS) 100% GUARANTEED DISTINCTION
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---4septiembre 20252025/2026A+
- 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
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Kinyua254
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Resumen
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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---665julio 20252024/2025
- EXAM PACK ANSWERS () AND 2024 BRIEF NOTES 
The study-notes marketplace 
 
MRL3701 INSOLVENCY LAW 
PAST EXAM PACK QUESTIONS AND ANSWERS 
() SUMMARISED NOTES 2024
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nursemoen
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Examen
Insolvency Exam Questions with Complete Solutions.
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---4marzo 20252024/2025A+
- 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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EXAMSTUVIA
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Examen
Insolvency Exam Questions and Complete Solutions.
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---4marzo 20252024/2025A+
- 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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EXAMSTUVIA
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Examen
Chapter 21 The law of insolvency (LQ) Exam Questions with Complete Solutions.
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--14marzo 20252024/2025A+Disponible en un paquete
- 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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EXAMSTUVIA
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Examen
INSOLVENCY LAW Exam Questions with Complete Solutions
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--2marzo 20252024/2025A+Disponible en un paquete
- 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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EXAMSTUVIA
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Examen
Law - Chapter 8 Insolvency law corporate and personal Exam Questions with Complete Solutions.
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--20marzo 20252024/2025A+Disponible en un paquete
- 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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EXAMSTUVIA
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Examen
Chapter 10 - Insolvency law Exam Questions with Complete Solutions.
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--29marzo 20252024/2025A+Disponible en un paquete
- 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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EXAMSTUVIA
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Examen
Commercial Law - Insolvency Exam Questions with Complete Solutions.
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--30marzo 20252024/2025A+Disponible en un paquete
- 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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EXAMSTUVIA