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University of Pretoria Programme in Insolvent Estate Practice
Brief Description
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.
Learning Outcomes
After successfully completing this programme, the candidate will be able to understand the application of sequestration and winding-up procedures in order to utilise this in the sectors mentioned above or other related sectors.
Course Content
  • Initiation and commencement of sequestration and winding-up;
  • The effects of insolvency on:
    • the insolvent, the solvent spouse; property/ assets;
    • unexecuted contracts; and
    • impeachable transactions.
  • The administration procedure relating to insolvent estates, including topics such as:
    • The appointment, powers and duties of trustees and liquidators;
    • Insolvency meetings, interrogations and the proof of claims;
    • Classes of creditors and their role in insolvency (i.e., secured, statutory-preferent and concurrent creditors);
    • The drafting of liquidation and distribution accounts;
    • Compromises and compositions.
  • Other topics like:
    • Insolvency of Partnerships;
    • Cross-border insolvencies;
    • Ethical behaviour of trustees and liquidators; and
    • Insolvency offences.
  • The Regulatory framework of business rescue.
Entry Requirements
Prospective delegates should at least have a relevant tertiary qualification or, in exceptional cases and as determined by the programme leader, a Matric certificate with relevant practical experience as a requirement for enrolment.
Course Number:
P007826
Catalogue and Category:
Law and Human Rights
Who Should attend:
People interested in the field of insolvency practice, banks, financial institutions, insolvent estate practices
Delivery Mode:
Online
Contact Days:
0