Steps to take once the Executor, after the expiry of the advertised period on which creditors are called upon to lodge their claims, found the deceased estate to be insolvent.

There are two methods of administering an insolvent deceased estate:

1. In terms of the administration of Estates Act 66 of 1965
2. In terms of the Insolvency Act 24 of 1936

The administration of an insolvent deceased estate in South Africa can be complex and requires a thorough understanding of the legal processes involved.

Topics Discussed:

• Notice to Creditors
• Section 34 of the Administration of Estates Act 66 of 1965
• Election / voting by Creditors
• Administration of an insolvent deceased estate in terms of the Administration of Estates Act 66 of 1965
• Distribution to creditors in terms of the Administration of Estates Act 66 of 1965 (example of Liquidation and Distribution Account)
• Administration of an insolvent deceased estate in terms of the Insolvency Act 24 of 1936

All Included:

• Video presented course
• Downloadable course material
• Certificate of training
• Assessment (optional)
• SAIT Accredited (2 verifiable CPD hours)