Bankruptcy Act of 1979, Definition, objectives, proceedings. Official receiver-duties, adjudication and discharge, appointment and powers of official receiver and trustee in bankruptcy. Arrangement outside and powers of official receiver and trustee in bankruptcy. Arrangement outside bankruptcy, proof of debts. Property available for payment of debts. Bankruptcy accounts, statement of affairs, deficiency accounts and statement of final accounts. Liquidation and accounts. Executorships law, will and letters of administration. Ingredients of a valid will. Devolution of property, powers and duties of executors, appointment of executor, who may not act as executor, Administrator distribution of estate; appointment of administrator and duties of personal representation. Trusteeship law, creation of a valid trust, appointments and duties of trustees. Statutory powers of trustees. Accounts and termination of trusts.
- Lecturer: Atu G