The question (15 marks)
Explain the fresh start process under the Code. Who may use it, and what does it achieve? (15 marks)
MU Module III, heads 3.1 and 3.2.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 3 · Individual Insolvency and Bankruptcy of Bankruptcy Laws.
Authorities you will need
- Sections 80 to 84 of the Code
- Sections 85 and 86 of the Code
- Sections 91 and 92 of the Code
- Section 78, on the threshold for Part III
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.