Mrl3701 insolve - Study guides, Study notes & Summaries

(1) Explain the main purpose of a sequestration order in respect of Tenza’s estate.(2) The main purpose of a sequestration order is to ensure the orderly and fair distribution of a debtor’s (Tenza’s) assets if his assets are not sufficient to pay all his creditors in full. (2) Give reasons why a sequestration order may not be granted if a debtor has only one creditor or if there are not enough assets to cover the costs of sequestration. (3) If a debtor has only one creditor, there ...

MRL3701 Insolvency Law ASSIGNMENT 1 SEMESTER 1 - 2022. 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...

MRL3701 Insolvency Law ASSIGNMENT 1 SEMESTER 1 - 2022. 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...

Study notes for Unisa students: MRL3701 – INSOLVENCY LAW Downloaded by Emma Cain () lOMoARcPSD| Study Notes24 2 by Carella Holdings (Pty) Ltd. 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 – 1...

This document answers the questions of Assignment 1 of the first semester in the module MRL3701 of UNISA.

MRL3701 INSOLVENCCY LAW EXAM PACK WITH NOTES (Frequently Asked Questions). 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 solve the problem which it faced. No South African case seemed to have dealt with whether a trust could be sequestrated in terms of section 9(1) read with the definiti...

October/November 2020 MRL3701 Insolvency Law