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Unit of study_
LAWS3445: Insolvency Law
2025 unit information
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.
Unit details and rules
Managing faculty or University school:
Sydney Law School
| Study level | Undergraduate |
|---|---|
| Academic unit | Law |
| Credit points | 6 |
|
Prerequisites:
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|
LAWS2014 |
|---|---|
|
Corequisites:
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|
None |
| Prohibitions:
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LAWS3403 or LAWS5145 or LAWS5103 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. accurately apply the key provisions of the Bankruptcy Act 1966 (Cth) and the Corporations Act 2001 (Cth) to common commercial situations concerning insolvency
- LO2. appreciate the interrelationship between personal and corporate insolvency law and the general law
- LO3. explain and synthesize the commercial and legal difficulties that can arise in times of financial stress
- LO4. explain and synthesize the competing interests of stakeholders in common insolvency scenarios
Unit availability
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Modes of attendance (MoA)
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