The University of Pretoria Insolvent Estate Practice Programme provides you with practice-orientated training regarding the administration of insolvent estates. The aim being to equip the candidates with a sound knowledge of this area to be applied in the field of insolvent estate practice but also in related areas like business rescue, credit control and debt collection sectors at law firms and financial institutions for instance, where people should have these skills as well.

 

As far as personal insolvency is concerned, the programme covers initiation of sequestration; the effects of insolvency on the insolvent, the solvent spouse, estate assets, unexecuted contracts, impeachable transactions; the powers and duties of trustees and liquidators, as well as administration procedure of insolvent estates including the drafting of the estate accounts. -in particular the procedures dealing with the proof of claims, interrogations, the classes of creditors, i.e., secured, statutory preferent and concurrent creditors, and the drafting of liquidation and distribution accounts.

 

In similar fashion the related principles to corporate insolvency the winding-up of companies and close corporations unable to pay their debts are also dealt with. Within this context the regulatory procedure for business rescue also forms part of the curriculum.