1. Torsten owes Jonathan $100000. The repayment of that money is long overdue and Torsten has ignored repeated demands for payment. Jonathan wonders if he can apply for a bankruptcy order against Torsten. What would Jonathan need to show to be successful?

2. Joseph Inc, a retail fashion chain, contemplates making a proposal to its creditors. It is thinking about making the proposal to both secured and unsecured creditors in the form of an arrangement or a debt-equity swap. Is it necessary for Joseph to include secured creditors in its proposal? What procedure should it follow?

3. Jodie is a well-known local business person who has a flour supply business. She loaned $10 000 to Kelly, one of her customers, to help Kelly renovate the building where she operates her bakery business in September2016. The business has struggled since. After repaying$1000 of the loan, in January 2017, Kelly stopped making the $250monthly payments they had agreed on. Should Jodie apply for a bankruptcy order against Kelly? What else would you want to know if you were Jodie to help you to decide what to do?