Last edited by Dogore
Monday, April 20, 2020 | History

3 edition of law of insolvency found in the catalog.

law of insolvency

Smith, Catherine

law of insolvency

  • 232 Want to read
  • 17 Currently reading

Published by Butterworths in Durban, Woburn, MA .
Written in English

    Places:
  • South Africa.
    • Subjects:
    • Bankruptcy -- South Africa

    • Edition Notes

      Statementby Catherine Smith.
      ContributionsSouth Africa.
      Classifications
      LC ClassificationsLAW
      The Physical Object
      Paginationxiii, 476 p. ;
      Number of Pages476
      ID Numbers
      Open LibraryOL3110901M
      ISBN 100409056022, 0409056030
      LC Control Number82218776

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Subjects: Bankruptcy -- South Africa. Attachment and garnishment -- South Africa. Debtor and creditor -- South Africa. View all subjects; More like this: Similar Items. Insolvency law deals with the legal rules applicable in law of insolvency book case of individual persons or corporates who are unable to pay their debts and, as such, intersects with virtually every area of legal practice.

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The pari passu principle is often said to constitute a fundamental rule of corporate insolvency law. It holds that, in a winding up, unsecured creditors shall share rateably in those assets of the insolvent company that are available for residual distribution.

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: a state statute that affords to an insolvent debtor relief from and sometimes full discharge of debts upon his surrender for the benefit of his creditors of all his property not exempt by law and that is suspended when it conflicts with the Federal Bankruptcy Act or covers a field occupied thereby or affects persons.

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This book is the latest addition to our list of. A debtor commits an act of insolvency, according to the Act, “if he makes, or offers to make, any arrangement with any of his creditors for releasing him wholly or in part from his debts.” An arrangement or an offer qualifies as an act of insolvency in terms of this subsection only if it is indicative of the debtor's inability to pay his debts.

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The book is divided into four major parts, each dealing with the legislative and case-law framework governing the formal and informal procedures available to different kinds of insolvent individuals.