Consider the principles of insolvency on both corporate and personal levels. Immerse yourself in the Corporations Act and the Bankruptcy Act. Determine the role of trustees and administrators. Look for areas where legal reform might be required.
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Upon successful completion of this subject you will be able to:
- demonstrate an advanced and integrated understanding of the legal principles relevant to corporate insolvency and bankruptcy, liquidation, property available to creditors in bankruptcy and liquidation; and the duties of trustees, receivers, administrators and liquidators
- critically evaluate the insolvency and identify areas of reform
- analyse and research complex problems relating to insolvency and make reasoned and appropriate choices amongst alternatives
- demonstrate sophisticated cognitive and creative skills in approaching legal issues relating to insolvency and generate appropriate responses.
- Introduction to insolvency law
- Personal insolvency
- Arrangements outside bankruptcy
- Schemes of arrangement
- Issues in cross-border insolvency
You must have successfully completed the following subject(s) before starting this subject:
You are recommended to have completed the following subjects(s) or have equivalent knowledge before starting this subject:
No special requirements
This unit examines insolvency principles and the relevant provisions of the Corporations Act and the Bankruptcy Act. Specific areas of study include the processes by which insolvency proceedings are instituted, different forms of administration of insolvent companies; arrangements under the Bankruptcy Act, the effect of insolvency on the debtor; and the powers and duties of the insolvency practitioner. Cross border insolvency will also be covered.
- Assessment (50%)
- Open Book Invigilated Exam (50%)