Course overview
The course will cover insolvency of corporations and individuals, and will include: (1) An introduction to the theory, policy and history of insolvency law, and to its fundamental principles; (2) An introduction to the main forms of insolvency procedure for individuals (bankruptcy and its alternatives) and corporations (liquidation, voluntary administration, and receivership); (3) Issues in relation to personal insolvency including consumer bankruptcy, the property of the bankrupt 'estate', and the rights of bankrupts and restrictions upon them; (4) The role and duties of directors; (5) The regulation and reform of insolvency law and the profession, and 'globalisation' of insolvency law and practice through involvement of international bodies; (6) An introduction to cross-border insolvency. By the end of the course students should have a grounding in the basic principles and rules of Australian insolvency law, an understanding of, and ability to evaluate, the key theoretical and policy issues affecting insolvency law and its reform, an appreciation of contemporary international developments, and an ability to research and analyse problems on Australian insolvency law.
Course learning outcomes
- Further the student’s knowledge of personal and corporate insolvency law, practice and regulation
- Further the student’s ability, analyse and solve practical issues and problems associated with the personal and corporate insolvency law
- Evaluate selected Australian personal and corporate insolvency law issues in the global context
- Gain knowledge of international developments in selected personal and corporate insolvency law issues
- Develop critical thinking using personal and corporate insolvency law
- Apply excellent research skills
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