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LAW205 Commercial And Corporate Law For Accountants

tag 0 Download 7 Pages / 1,574 Words tag 03-11-2020
  • Course Code: LAW205
  • University: Charles Darwin University
    icon is not sponsored or endorsed by this college or university

  • Country: Australia


What options are available to the administrator?
Is Ravi entitled to get the $90,000 back and, if so, on what basis?
If Ravi is successful, how much will unsecured creditors get back? (You need to show your calculations and use legal cases to support your answers).

Whether Ravi is entitled to make a claim in relation to the company worth $90000

The first issue in this situation is to analyze the options which the administrator has will have with respect to Small Pty Ltd. The issue is also to analyze whether the company has to be liquidated.

What amount may be received by the unsecured creditors in the given situation?

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