TAILIEUCHUNG - Lecture Fundamentals of business law (6/e): Chapter 20 - Margaret Barron

Chapter 20 - Bankruptcy Law. In this chapter you should understand: the objectives of bankruptcy law, the advantages and disadvantages of bankruptcy from the perspective of the creditor and the debtor, how the Bankruptcy Act 1966 (Cwlth) is administered,. | This is the prescribed textbook for your course. Available NOW at your campus bookstore! 20- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Bankruptcy Law Chapter 20 20- Bankruptcy Where legal possession of a debtor’s possessions is taken for the benefit of that person’s creditors. 20- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Objectives of Bankruptcy Law To assist the debtor: will be entitled, once discharged, to make a fresh start free from the demands of creditors. To protect creditors: by preventing debtors from disposing of property when bankruptcy is inevitable. by distributing the debtor’s assets among creditors in the swiftest and most economical manner. 20- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Objectives of Bankruptcy Law (cont.) To benefit the community: by giving a debtor who is hopelessly in debt an opportunity to make a new start, rather than remain a burden on the community. by imposing limits on the capacity of a person who is an undischarged bankrupt to enter new contracts. 20- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Advantages for Creditors Equitable and proportionate distribution of debtor’s assets. Recovery of property that was distributed prior to bankruptcy. Possibly uncover more property available for distribution to creditors by public examination. 20- Copyright © 2000 McGraw-Hill AustraliaCopyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Fundamentals of Business Law 6e Disadvantages for Creditors Significant fees for administering the estate, and court costs associated with the recovery of costs, are paid before creditors. Delays and complications. Bankrupt must stop .

• Luật học
• Bankruptcy Law
• Legal system
• Business Law
• Luật Kinh doanh
• Fundamentals of Business Law
• Lecture Fundamentals of Business Law
• Contract Law
• Dynamic business law
• Legal environment of business
• Business organizations
• Bankruptcy proceedings
• Consumer law
• Marketing law
• Bankruptcy plan
• Bankruptcy code
• Business ethics
• E commerce environment
• Regulation of business
• Lecture Dynamic business law
• Secured transactions
• Scope of security interest
• Managerial finance
• Lecture Managerial finance
• Financial statements
• Financial distress process
• Federal bankruptcy law
• Business failure
• ethical trouble
• Philosophical fundamentals
• Natural law
• consequentialism
• ultimate obligation
• promissory obligations
• Bankruptcy
• Prize and Trade
• Intellectual Property
• Negotiable Instruments
• Religious Observance
• False Imprisonment
• Insolvency Proceedings
• Korean Bankruptcy
• Korean Insolvency
• the United States
• Secured Creditors
• Credit Counseling
• Hotchpot Rule