Pre-requisite: 51124
The unit will provide a comprehensive coverage of the law of insolvency as it affects both individuals and corporations. The unit examines the major types of insolvency administration provided for by the law, for both individuals and corporations - bankruptcy, Part X arrangements, receivership, voluntary administrations and liquidations. Some emphasis is placed on the process of bankruptcy and liquidation and a major part of the unit is a consideration of the provisions which allow for the avoidance of transactions prior to bankruptcy or liquidation e.g. preferences.