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The purpose of this course is to examine the main principles of insolvency law. Australian insolvency law consists of corporate and personal insolvency; each of these has a separate statutory regime – the Corporations Act 2001 (Cth) and the Bankruptcy Act 1966 (Cth). Emphasis will be given to the areas dealing with legal rescue options for both corporate insolvency (schemes of arrangement, voluntary administration, receivership) and personal insolvency (non-bankruptcy arrangements for individuals); the legal consequences of insolvency and to the role, powers and duties of insolvency practitioners.