Property with the intent to defraud his creditors;

(8) the defendant is about to convert all or part of his property into money

For the purpose of placing it beyond the reach of his creditors; or

(9) the defendant owes the plaintiff for property obtained by the defendant

Under false pretences.

For each of these situations (1-4), identify the specific ground in paragraph

Of the statute above which describes it.

,

EXAMPLE: The defendant has sold all of his possessions and placed the money

in a foreign bank account. &

The defendant is going to move abroad and has said he will not pay the

Plaintiff what he owes him.

The defendant is a French firm with an office in Germany, where the suit is

Being brought.

The defendant purchased several expensive motor vehicles from the plaintiff

With a bad cheque.

The defendant has left his known address and cannot be found.

e "I "9 .

J

A lawyeris responsiblefor informinghis clients about what they candoto legally

Minimisetheir risk of lossfrom the hazardsof businessand personalliability. Thisis

Knownasasset protection. Youwill heara lawyerspeakingto a groupof clientswhoare

Interestedin learningabout assetprotection.

6 -II;::Listen to first part of the presentation, in which the speaker explains two

Types of liens, a prejudgment attachment lien and a judgment lien. Tick the

Features of each type of lien.

Pre-judgment attachment lien

Allows attachment before the case is decided

Generally attaches to your salary

Is granted in all types of cases

Usually occurs in contract disputes involving money

Judgment lien

Allows attachment after the case is decided by the court

Applies if the court decides in favour of the plaintiff

Attaches to all real estate in your name and all accounts

Is fundamentally different from a mortgage

7 -II;::Listen to the second part of the presentation, in which the speaker

Describes the examples of two clients, and answer these questions.

1 What did the lawyer's firm do to protect Ed's assets?

2 How did the asset protection plan improve Ed's position in negotiations with

his creditors?

Why was the pre-judgment attachment lien unsuccessful in the second case

cited by the speaker?

r " "

An insolvency practitioner advises insolvent entities about how to deal with their

Financial difficulties and assists with bankruptcy and liquidation procedures. The excerpt

On page 194from a career guide provides information about the profession in general. It

Explains how one can become a licensed insolvency practitioner in the UK, describes

Recognised professional bodies and outlines the routes to qualification.

S Read the excerpt and answer these questions.

1 Explain what you think this sentence from the text means: Insolvency work is

As much about people as it is about figures.

What role do professional bodies play in the making of a career as an

insolvency practitioner?

Decide whether these statements are true or false.

The insolvency practitioner profession is rapidly expanding, with many new

Date: 2015-12-11; view: 828