please assist with questions. (Commercial Law)

QUESTION 5 12 points Save Ans 2.1 Your friend, Joe Stress, owns and runs a company that manufactures and sells stationery. Joe approaches you and laments the effect technological advancement has had on his business. Joe tells you that due to the waning business, in the next four months he will not be able to meet his financial obligations. Joe, however, cannot stand the idea of liquidating his company and losing his business. He has heard about business rescue but he is unsure of what it entails. 2.1.1. Explain to Joe what business rescue is. (2) 2.1.2.When it is appropriate to institute business rescue proceedings? (2) 2.1.3.What are the justifications for business rescue proceedings? (2) 2.2 Joe further advises you that his brother, Chief, is currently facing financial turmoil and is considering approaching the court for a sequestration order. Advise Joe what Chief needs to prove before the court accepts voluntary surrender of his estate. (4) 2.3 What are the two types of rehabilitation provided for in the insolvency Act? (2) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt A V