The question (15 marks)
State the effects of a bankruptcy order and explain the functions of the bankruptcy trustee. (15 marks)
MU Module III, heads 3.3 and 3.4.
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 126, 128 and 154 of the Code
- Sections 140 and 141 of the Code
- Sections 149 to 153 and 164 to 167 of the Code
- Sections 178 and 138 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.