Pre-requisite: 55505
Pre-requisite: OR an understanding of Australian legal principles.
Insolvency is a factor which many businesses have to confront. Modern approaches to insolvency mean that a business does not necessarily terminate as a result. This unit seeks to build on an understanding of bankruptcy and liquidation by considering administrations which can be invoked in an attempt to reconstruct the financial position of an insolvent person or company. Those insolvency administrations examined include Part X arrangements, receiverships, voluntary administrations and deeds of company arrangement.