INLA 6211 - ICE task 1 is a focused assessment exploring key aspects of insolvency law, including voluntary surrender, compulsory sequestration, and trustee responsibilities. It tests understanding of legal procedures and implications for debtors, creditors, and trustees, essential for legal professionals in this field.
Each creditor
The Master
SARS
Trade union and employees
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He is mentally incapable of performing his duties as trustee satisfactorily
He is physically incapable of performing his duties as trustee satisfactorily
The majority of creditors have requested in writing that he be removed
He is convicted of theft, fraud, forgery, uttering a forged document, or perjury
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The sequestration order has been discharged by the court
The creditors accepted an offer of composition made by the insolvent
All the debts have been paid in full
A rehabilitation order has been granted
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It will be to the advantage of creditors
There is reason to believe that it will be to the advantage of creditors
A creditor has a liquidated claim of at least R100
The debtor has committed an act of insolvency
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Disposition made in collusion with another person
Disposition made in fraudem creditorum
Disposition made not for value
Disposition made with the intention to prefer one creditor over another
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True
False
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Full payment of all proved claims
No claims proved after 6 months
Composition of not less than 60 cents in the rand
12 months have elapsed from the confirmation by the Master of the first account in the estate
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True
False
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