Faculty of Business and Economics

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This unit entry is for students who completed this unit in 2016 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.


Business and Economics

Organisational Unit

Department of Business Law and Taxation


Mr Michael Duffy



  • First semester 2016 (Day)


This unit provides students with an understanding of the general law of insolvency within an Australian context. The focus is on both personal insolvency through the bankruptcy process and corporate insolvency through liquidations, administrations and receiverships. The unit examines the role of insolvency administrators, the structure of such administrations, the effect on insolvents and the effect on creditors. There is also some discussion of the regulation of insolvency administrators.


The learning goals associated with this unit are to:

  1. demonstrate an understanding of the purposes of insolvency laws and how they operate in relation to individuals and corporations
  2. identify, explain and apply legislation and case law to the operation of insolvency administrations and situations
  3. develop skills in problem solving and analyse legal problems relating to insolvency situations.


Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)