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MRL3701-INSOLVENCY LAW SUMMARY NOTES .
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MRL3701-INSOLVENCY LAW SUMMARY NOTES . STUDY UNIT 1 INTRODUCTION TO INSOLVENCY LAW Identify the problem faced by the court in Magnum Financial Holdings. The only problem before the court was whether a trust could, at law, be sequestrated. Summarise the authority which the court relied on to solv...

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  • August 10, 2022
  • 144
  • 2022/2023
  • Summary

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MRL3701 –
INSOLVENCY LAW
SUMMARY NOTES

, lOMoARcPSD|6444641




Study notes for Unisa students:


MRL3701 – INSOLVENCY LAW




Downloaded by Emma Cain (mrob2561@gmail.com)

, lOMoARcPSD|6444641




TABLE OF CONTENTS:


STUDY UNIT 1 INTRODUCTION TO INSOLVENCY LAW 4

STUDY UNIT 2 – 3 VOLUNTARY SURRENDER 10

STUDY UNIT 4 – 5 COMPULSORY SEQUESTRATION 20

STUDY UNIT 6 THE LEGAL POSITION OF THE INSOLVENT 35

STUDY UNIT 7 VESTING OF THE ASSETS OF THE INSOLVENT 43

STUDY UNIT 8 VESTING OF THE ASSETS OF THE SOLVENT
SOUSE 50

STUDY UNIT 9 – 11 UNCOMPLETED CONTRACTS AND LEGAL
PROCEEDINGS NOT YET FINALISED 54

STUDY UNIT 12 MEETINGS OF CREDITORS AND PROOF
OF CLAIMS 65

STUDY UNIT 13 THE ELECTION OF THE TRUSTEE 68

STUDY UNIT 14 IMPEACHABLE DISPOSITIONS – INTRODUCTION
AND DISPOSITIONS MADE NOT FOR VALUE 74

STUDY UNIT 15 VOIDABLE DISPOSITIONS – VOIDABLE AND
UNDUE PREFERENCE, COLLUSIVE DEALINGS
AND THE ACTIO PAULIANA 81

STUDY UNIT 16 IMPEACHABLE DISPOSITIONS – TRANSFER OF
BUSINESS WITHOUT PRESCRIBED NOTICE 90

STUDY UNIT 17 CREDITORS’ CLAIMS AND THEIR RANKING - THE
DIFFERENT TYPES OF CREDITORS 93

STUDY UNIT 18 CREDITORS’ CLAIMS AND THEIR RANKING – THE
ORDER OF RANKING FOR PAYMENT 99

STUDY UNIT 19 COMPOSITION 103

STUDY UNIT 20 REHABILITATION 108

STUDY UNIT 21 PARTNERSHIP AND SEQUESTRATION 112

Study Notes24 2
by Carella Holdings (Pty) Ltd.
www.studynotes24.co.za

Downloaded by Emma Cain (mrob2561@gmail.com)

, lOMoARcPSD|6444641




STUDY UNIT 22 WINDING UP OF COMPANIES 117

STUDY UNIT 23 JUDICIAL MANAGEMENT AND COMPROMISE 124

STUDY UNIT 24 WINDING UP OF CLOSE CORPORATIONS 128




Study Notes24 3
by Carella Holdings (Pty) Ltd.
www.studynotes24.co.za

Downloaded by Emma Cain (mrob2561@gmail.com)

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