Insolvency Law Notes

MRL3701 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for 2024 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!

MRL3701 ASSIGNMENT 2 SEMESTER 1 2024 - DUE 9 April 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Wandile owes a total of R3 million to various creditors. His creditors include Zozo to whom he owes R400 000. He also owes R1,3 million to DRG Bank. Last year Wandile invested in a get-rich-quick scheme as a result of which he lost a lot of money. This left him in a dire financial situation. By 31 O...

MRL3701 - ASSIGNMENT 2 SOLUTIONS (SEMESTER 01 - 2024)

MRL3701 EXAM PACK 2023 October November exam questions and answers and summarized notes for exam preparation.

(a) Case name: Amod v Khan 1947 (2) SA 432 (N) Ratio decidendi of the case: The relief sought in a sequestration application is directed at diminishing the legal status and capacity of a particular individual debtor, so it should pertain to that debtor’s circumstances only. Area of Insolvency Law applicable: Section 9(4A) of the Insolvency Act 24 of 1936. (b) Case name: Ex Parte Arntzen (Nedbank Ltd as Intervening Creditor) 2013 (1) SA 49 (KZP) Ratio decidendi of the case: The defi...

MRL3701 Assignment 1 Full Solutions Semester 2 2024 - DUE 30 August 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. See the table below and match the columns to answer the following questions. You must therefore answer the question as follows on your answer sheet (see ONLY AN EXAMPLE below) and do so for every question (a) – (e). (a) 1. Case name: Ex Parte Snooke 2014 (5) SA 426 (FB) 2. Ratio decidendi of the case: This was an application for rehabilitation. Several ca...

MRL3701 Assessment 2 (COMPLETE QUESTIONS & ANSWERS) Semester 2 2024 - DUE 20 September 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... Assignment 02 OPENS FOR SUBMISSION: 13 September 2024 DUE DATE: 20 September 2024 This is an ordinary written or typed assignment. This assessment must be uploaded to MyModules. No emailed submissions will be accepted. Do not use a mark-reading c...

MRL3701 Assignment 1 (COMPLETE QUESTIONS & ANSWERS) Semester 2 2024 - DUE 30 August 2024 See the table below and match the columns to answer the following questions. You must therefore answer the question as follows on your answer sheet (see ONLY AN EXAMPLE below) and do so for every question (a) – (e). (a) 1. Case name: Ex Parte Snooke 2014 (5) SA 426 (FB) 2. Ratio decidendi of the case: This was an application for rehabilitation. Several cases of abuses of the sequestration process. Attorne...

MRL3701 Assignment 1 (COMPLETE QUESTIONS & ANSWERS) Semester 2 2024 - DUE 30 August 2024. See the table below and match the columns to answer the following questions. You must therefore answer the question as follows on your answer sheet (see ONLY AN EXAMPLE below) and do so for every question (a) – (e). (a) 1. Case name: Ex Parte Snooke 2014 (5) SA 426 (FB) 2. Ratio decidendi of the case: This was an application for rehabilitation. Several cases of abuses of the sequestration process. Attorn...

Question 1: (5 marks) Indicate whether the following statements are TRUE (T) or FALSE (F) and provide a reason or explanation for your answer. a. An act of insolvency committed by a spouse married in community of property operates as an act of insolvency by the guilty spouse. b. During the period of insolvency, an insolvent is not allowed to acquire a new estate. c. The insolvent may recover for his own benefit any pension to which he may be entitled as this forms part of property that...

MRL3701 ASSIGNMENT 2 SEMESTER 1 2024 - DUE 9 April 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Wandile owes a total of R3 million to various creditors. His creditors include Zozo to whom he owes R400 000. He also owes R1,3 million to DRG Bank. Last year Wandile invested in a get-rich-quick scheme as a result of which he lost a lot of money. This left him in a dire financial situation. By 31 O...

MRL3701 EXAM PACK 2023 October November exam questions and answers and summarized notes for exam preparation.

(a) Case name: Amod v Khan 1947 (2) SA 432 (N) Ratio decidendi of the case: The relief sought in a sequestration application is directed at diminishing the legal status and capacity of a particular individual debtor, so it should pertain to that debtor’s circumstances only. Area of Insolvency Law applicable: Section 9(4A) of the Insolvency Act 24 of 1936. (b) Case name: Ex Parte Arntzen (Nedbank Ltd as Intervening Creditor) 2013 (1) SA 49 (KZP) Ratio decidendi of the case: The defi...

MRL3701 - ASSIGNMENT 2 SOLUTIONS (SEMESTER 01 - 2024)

MRL3701 Assessment 2 (COMPLETE QUESTIONS & ANSWERS) Semester 2 2024 - DUE 20 September 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... Assignment 02 OPENS FOR SUBMISSION: 13 September 2024 DUE DATE: 20 September 2024 This is an ordinary written or typed assignment. This assessment must be uploaded to MyModules. No emailed submissions will be accepted. Do not use a mark-reading c...

MRL3701 All 2024 Assignments Semester 1 (2024) ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . MRL3701 Assignment 1 Semester 1 2024 MRL3701 Assignment 2 Semester 1 2024 MRL3701 Assignment 3 Semester 1 2024

MRL3701 Assignment 3 Semester 1 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 .

MRL3701 Assignment 1 Full Solutions Semester 2 2024 - DUE 30 August 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... See the table below and match the columns to answer the following questions. You must therefore answer the question as follows on your answer sheet (see ONLY AN EXAMPLE below) and do so for every question (a) – (e). (a) 1. Case name: Ex Parte Snooke 2014 (5) SA 426 (F...

(a) Concept of a Voidable Preference A voidable preference refers to a situation in insolvency law where a debtor, while facing financial difficulties, preferentially pays one creditor over others before the insolvency proceedings begin. This preferential payment can be challenged and potentially reversed by the trustee in insolvency proceedings. To have a transaction set aside as a voidable preference, a trustee must prove the following elements: ▪ Pre-Insolvency Payment: The tran...

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 by R800 000. Over the past few months Simphiwe has failed to pay some of his debts. In particular he failed to pay the R400 000 he ow...