Essential Skills: Bankruptcy
Dealing with creditor claims
Failure to properly consider creditors’ claims can have serious consequences for trustees, including a finding that resolutions have not been properly passed.
Before a creditor can receive a dividend from a bankrupt estate, or vote in respect of a proposed resolution, they must have their claim admitted for dividend (or voting) purposes. This may appear to be a simple task, but there are many nuances which affect the admissibility and value of a creditor’s claim.
This course will look at what claims can be admitted for both dividend and voting purposes and the amounts for which they should be admitted.
Learning objectives
At the end of this course you will be able to:
- Understand the requirements of the Bankruptcy Act regarding proofs of debt and claims for voting purposes.
- Identify which claims are provable under the Bankruptcy Act.
- Examine the obligations of trustees in dealing with creditor claims.
- Determine how specific claims are treated in the context of bankruptcy.
Course delivery
On-demand via ARITA Learning Centre
Cost
Individuals
$150 (GST incl.) for ARITA members and subscribers / Government
$250 (GST incl.) for non-members
Licensing packages
Flexible packages are available to suit firms of all sizes. You can purchase the entire suite of courses or specific subject areas. More information.
CPE
Up to 1.1 verifiable CPE hour
Prerequisites
We recommend you complete the Introduction to Insolvency Program or have one year of on-the-job experience prior to registering for this course.
Questions?
Contact our education team.
Please see our enrolment and cancellation policy .
See our full range of on-demand courses or find out more about our Essential Skills courses.