The question (15 marks)
Explain the insolvency resolution process for individuals, and state when a bankruptcy order may be made. (15 marks)
MU Module III, heads 3.2 and 3.3.
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 94 to 101 of the Code
- Sections 105 to 115 of the Code
- Sections 117 and 118 of the Code
- Section 121 of the Code
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.