Essay Example on The monitor is introduced by the Arbitrazh Court

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As regards the monitor interim manager which of the following is correct A The monitor is introduced by the Arbitrazh court at the end of the observation stage of the insolvency procedure B The monitor is appointed by the executive management of the company as soon as the first indications of insolvency becomes apparent C The monitor is appointed after the Arbitrazh court has accepted an application to declare a company insolvent D The monitor is introduced by the Arbitrazh court at the beginning of the observation stage of the insolvency procedure 85 In relation to the company insolvency by what process are creditors claims settled for a lesser amount than what is owed to them A Amicable settlement composition B Rehabilitation C Arbitration D Observation 86 Which of the following is not an obligation of a monitor A To sell assets to raise funds to pay salaries B To carry out an analysis of the financial position C To notify creditors about commencement of observation D 



To call and hold the first meeting of creditors 87 In relation to company insolvency which of the following are possible outcomes of the observation process 1 Financial rehabilitation 2 External management 3 Interim management 4 Liquidation A 1 and 2 B 1 3 4 C 2 and 3 D 1 2 4 88 The company is trying to avoid insolvency and further liquidation and is submitting an application for financial rehabilitation Which of the following documents would not be submitted with the application for financial rehabilitation A The schedule of repayment of debts B A list of shareholders or participants voting in favour of financial rehabilitation C Information explaining how the shareholders or participants will ensure the payment of the debts of the company D Information on the personal assets 89 Which of the following payables has the highest priority claim against an insolvent company A A loan secured by pledged property B A balance of unsecured bank overdraft C Employees wages earned during bankruptcy proceedings D Dividend owed to holders of preference shares 90 In the event of insolvency which of the following is not likely to be a criminal offence A Satisfying the claims of some creditors in preference of others B Deliberately making the insolvency worse C Making outstanding salary payments to employees D Falsify accounting records 91 A bankruptcy petition was accepted against LLC Admiral on 30 September 2017 Which of the following transactions entered into LLC Admiral may be treated as null and void A Repayment of a loan to a director on 15 August 2016 B A sale of shares in Public J SC Invest on 31 



March 2017 concluded on the stock exchange C Sale of goods to a major customer at a 20 discount on 30 June 2017 92 When the external manager is appointed what does this effectively signal the end of for the company A All employment contracts B The authority of the management bodies C Claims by shareholders D Claims for payment of unpaid wages 93 In relation to company insolvency at which of the following stages may composition be approved 1 Financial rehabilitation 2 External management 3 Interim management 4 Liquidation A 1 and 2 B 1 3 4 C 2 3 4 D 1 2 3 and 4 94 In relation to insolvency what is the primary role of the external manager A To liquidate the company B To restore the company to solvency C To ensure that the assets of the company are distributed fairly 95 Public J SC Zero has become insolvent Which of the following payables has the HIGHEST priority claim against the company A Boris a holder of preference shares B LLC YYY Capital which holds bonds in the company C MMM Bank which provided an unsecured overdraft facility to the company D

Bogdan who advanced funds secured on the company's premises 96 To identify insolvency symptoms which of the following is taken into account A Liabilities for fines B Liabilities for rents C Penalties 97 Which of the following decides on the appointment of the liquidation commission A Board of directors B Founders C General shareholders meeting D Executive board 98 Which of the following may make an application to arbitration court for initiation of insolvency 1 Shareholder 2 Federal Tax Service 3 Debtor 4 Creditor A 1 and 2 B 1 3 4 C 2 and 3 D 2 3 4 99 With regards to insolvency the creditors meeting is convened by which of the following A Creditor s committee B Liquidation commission C Arbitrazh manager D General shareholders meeting 100 Which of the following are powers of the external manager 1 To dispose of debtor's property 2 To review creditors claims and make objections to them 3 To secure debtor s property 4 To conclude amicable settlement A 1 and 2 B 1 3 4 C 2 and 3 D 1 2 3 4



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