Insolvency Law (LAWS5145)


The unit provides an introduction to the mainly statutory law regulating bankrupt individuals and insolvent companies. It explores the objectives and key principles of insolvency law, the pari passu principle, the various forms of insolvent administration including bankruptcy, liquidation, receivership and voluntary administration and associated procedures together with the avoidance of transactions in insolvency. The unit also considers the impact of insolvency on employees, unsecured creditors, shareholders and trustee's of trusts. The unit involves a significant component of statutory interpretation.

Our courses that offer this unit of study

Further unit of study information


2x2-hr seminars/week for 10 weeks


3000wd answer to a problem question (30%) and 2hr exam (70%)

Faculty/department permission required?


Unit of study rules


LAWS2003 or LAWS2014 or LAWS5014


LAWS3403 or LAWS5103 or LAWS3445

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.