LAW5142

Insolvency 506

(LAW)

Mr John Duns

6 points + Three 1-hour lectures per week + Clayton + Prerequisites: LAW2100, LAW3400

Synopsis: The legal consequences of an individual or company becoming insolvent. The objectives and features of insolvency law, the proceedings leading to bankruptcy and liquidation, the impact of bankruptcy and liquidation on contractual and property rights, property available to creditors including the antecedent transaction provisions of the Bankruptcy Act and Corporations Law, claims which can be made in bankruptcy and liquidation, the administrative machinery of insolvency and alternatives to bankruptcy and liquidation.

Assessment: Written assignment (2500 words): 25% + Open-book examination (2.5 hours): 75%