Hocklys Insolvency Law 9th E
Page v
Preface
This ninth edition of Hockly’s Insolvency Law follows the expanded format of the previous
three editions, and its basic purpose remains the same: to provide a concise, yet fairly
detailed, account of the law of insolvency, winding-up, and business ...
This ninth edition of Hockly’s Insolvency Law follows the expanded format of the previous
three editions, and its basic purpose remains the same: to provide a concise, yet fairly
detailed, account of the law of insolvency, winding-up, and business rescue proceedings
(which have replaced judicial management). The book aims at a wide readership. For the
subject specialist, it offers an update of recent developments in the law relating to
insolvency, winding-up and business rescue proceedings; for students, it is a text for both
undergraduate and postgraduate study; and for insolvency practitioners, it provides both a
clear and practical analysis of the law and material for research and argument. It will also
soon be available as an e-book.
Insolvency is an area in which there are continually developments in the case law and
applicable legislation. We have endeavoured to include all the developments that have taken
place in the six years since the last edition of Hockly’s Insolvency Law, including the
fundamental changes introduced by the Companies Act 71 of 2008. The book mostly reflects
the law of insolvency as at the end of August 2012, with a few additions made during the
production process.
As before, the appendices contain specimen applications, specimen estate accounts and
the Insolvency Act. Further appendices now include excerpts from the Companies Act 61 of
1973, the Companies Act 71 of 2008 and the Close Corporations Act 69 of 1984, as well as
the entire Cross-Border Insolvency Act 42 of 2000. Cross-references throughout are to
paragraphs, not pages.
A sincere vote of thanks must go to Linda van de Vijver for her invaluable assistance and
co-operation in publishing this new edition. We would also like to thank Deidre du Preez for
managing the project and compiling the table of cases, Adami Geldenhuys for compiling the
table of statutes and the subject index, and preparing the statutes that appear in the
appendices, Nic Jooste for designing the book covers, and Tommy Bell for the typesetting.
RD SHARROCK
KE VAN DER LINDE
AD SMITH
, Page vii
Contents
Preface
Part 1 Introduction
Chapter 1 Introduction
Part 2 Obtaining a sequestration order
Chapter 2 Voluntary surrender
Chapter 3 Compulsory sequestration
Part 3 Effects of sequestration
Chapter 4 The legal position of the insolvent
Chapter 5 Vesting of the assets of the insolvent
Chapter 6 Vesting of the assets of the solvent spouse
Chapter 7 Uncompleted contracts and legal proceedings not yet finalized
Part 4 Collection of estate assets
Chapter 8 Preservation of the estate pending the trustee’s appointment
Chapter 9 Meetings of creditors and proof of claims
Chapter 10 The election of the trustee
Chapter 11 The duties and powers of the trustee
Chapter 12 Impeachable dispositions
Chapter 13 Interrogation of the insolvent and other witnesses
Chapter 14 The duties of the insolvent
Part 5 Realization and distribution of the assets
Chapter 15 Realization of the estate assets
Chapter 16 Creditors’ claims and their ranking
Chapter 17 The estate accounts and the distribution of the estate
Part 6 Composition and rehabilitation
Chapter 18 Composition
Chapter 19 Rehabilitation
Part 7 Miscellaneous
Chapter 20 Partnership and sequestration
Chapter 21 Insolvent deceased estates
Chapter 22 Offences
Part 8 Winding-up and rescue of companies and close corporations
Chapter 23 Winding-up of companies
Chapter 24 Winding-up of close corporations
Chapter 25 Business rescue and compromise
Page viii
Part 9 Cross-border insolvency
, Chapter 26 Cross-border insolvency
Appendices
Appendix 1 Specimen applications
Appendix 2 Estate accounts
Appendix 3 Insolvency Act 24 of 1936
Appendix 4 Companies Act 61 of 1973, Chapter XIV
Appendix 5 Companies Act 71 of 2008, Chapter 2
Appendix 6 Companies Act 71 of 2008, Chapter 6
Appendix 7 Close Corporations Act 69 of 1984, Part IX
Appendix 8 Cross-Border Insolvency Act 42 of 2000
Table of cases
Table of statutes
Index
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