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.
|Faculty||Faculty of Law|
1. Basic knowledge of Australian corporate and personal insolvency law.
2. Knowledge of the various types of corporate insolvency options available to companies within the Australian legal framework.
3. Knowledge of the various types of personal insolvency options available within the Australian legal framework.
4. Knowledge of the legal requirements for practitioners within the corporate and personal insolvency jurisdictions.
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
Assumed Prior Learning (or equivalent):
Must be admitted into a Bachelor Law degree OR Bachelor of Laws combined degree OR be an approved Law Study Abroad or Law Exchange student.
This subject is not available as a general elective. To be eligible for enrolment, the subject must be specified in the students’ program structure.
Future offerings not yet planned.