Contemporary Issues and Reforms in Bankruptcy and Liquidation

Learning ObjectivesUpon reading this chapter, the reader is expected to be capable of the following: 1. Know moral requirements of insolvency practitioners.2. Determine conflict of interest and fiduciary duties.3. Look at professional standards and codes of conduct in the world.4. Appraise policy matters which impact the insolvency practice in Nigeria. 5. Examine social effects of insolvency on the employment, creditors, and communities.6. Know the psychology of businesses failure and debtor behaviour.7. Talk about reforms to enhance insolvency environment in Nigeria.8. Evaluate the effects of corruption, regulatory failure and judicial procrastination.