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BTX 3699 Insolvency

This BTX 3699 Insolvency course module gives you an understanding of general bankruptcy law in the context of Australia. The focus is on individual bankruptcy through bankruptcy procedures and corporate bankruptcy through liquidation, management and takeover. This block examines the role of the bankruptcy administrator, the structure of such governance, the impact on bankrupts and the impact on creditors. There is also a discussion about the supervision of a bankruptcy administrator.

Bankruptcy refers to the term in which an individual or legal entity can no longer fulfill its financial obligations to the creditor when the debt is due. Before bankrupt companies or individuals take part in bankruptcy proceedings, they can enter into informal agreements with creditors, for example, establish alternative payment schemes. Bankruptcy can be associated with poor cash management, decreased cash flow, or increased expenses.

After successfully completion:

1. Demonstrate an understanding of the purpose of bankruptcy law and the principles of business for individuals and companies.

2. Identification, interpretation and application of law and case law to bankruptcy management transactions and circumstances.

3. Develop your ability to solve problems and analyze legal issues related to bankruptcy.

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