Insolvency Law MRL3701 (MRL3701)

MRL3701 Assignment 2 2024

MRL3701 Assignment 1 2024

Well-structured MRL3701 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... 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 b...

QUESTION: The estate of Mr. Diedericks has been finally sequestrated in May of 2023. Two trustees have been appointed for the insolvent’s estate. You are one of the trustees. Accordingly, the next step is that certain meetings of creditors should now take place. By referring to the general provisions relating to meetings, discuss: 1. The recording of proceedings that must be followed at every meeting; (5) 2. The date and venue of the meetings. (5)