LAWS13-117: Insolvency Law and Practice

Insolvency Law and Practice is an elective subject in undergraduate programs offered by the Faculty of Law. This subject is designed to provide an overview of the various forms of insolvency their effect and roles in both personal and corporate environments. It provides an introduction into the protection and regulation of insolvent individuals and corporations, and aims to discuss insolvency within the social context and the impact of insolvency law. Students examine the legal procedure involved in insolvency law (such as bankruptcy petitions, lodging proofs of debt and distribution of insolvent estates) as well as the impact of insolvency upon stakeholders such as employees, unsecured creditors, and individual and corporate debtors. Both individual and corporate insolvency are examined. All aspects of personal and corporate insolvency will be discussed but the subject places particular emphasis on discussing powers of insolvency administrators, voluntary administration, liquidation and the rights of creditors.