Download Mercantile Law II (Insovency Law) Lecture Guide Notes PDF Free - Full Version
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About Mercantile Law II (Insovency Law) Lecture Guide Notes
This document provides an overview of insolvency law in Uganda, including bankruptcy procedures and key concepts. It discusses the objectives of bankruptcy, advantages and disadvantages for creditors and debtors, reasons for bankruptcy, who can be declared bankrupt, and the processes for creditors' and debtors' petitions. The objectives of bankruptcy include assisting debtors with a fresh start, protecting creditors, permitting equitable distribution of assets, and benefiting the community. Creditors benefit from equitable distribution but have disadvantages of delayed payment and costs, while debtors benefit from avoiding suits but lose property and face stigma.
Detailed Information
| Author: | ['SAMUKA HERMAN'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 46 |
| Language: | English |
| Format: | |
| Price: | FREE |
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