match the colomn

Question

1Secured creditor
2 umsecured creditor
3 sheriff
4trustee
5act of insolvency
6 compulsory sequestration
7voluntary sequestration
8sole proprietorship
9partnership
10close corporation

match with following
can no longer be registered
realise the assests after second meeeting of creditors
most common form of business
the claim of creditors exceeds R200
a group of persons acting jointly
prepare a list of all movable property belonging to the insolvent estate
holder of a mortgage bond over immovable property
a debtor gives a written notice to a creditor that he is unable to pay his debts
paid from free residue
to halt legal proceedings by creditors

Answer 1

Here is the matched list based on the provided terms and definitions:

1. Secured creditor - holder of a mortgage bond over immovable property
2. Unsecured creditor - paid from free residue
3. Sheriff - to halt legal proceedings by creditors
4. Trustee - prepare a list of all movable property belonging to the insolvent estate
5. Act of insolvency - a debtor gives a written notice to a creditor that he is unable to pay his debts
6. Compulsory sequestration - the claim of creditors exceeds R200
7. Voluntary sequestration - realise the assets after second meeting of creditors
8. Sole proprietorship - most common form of business
9. Partnership - a group of persons acting jointly
10. Close corporation - can no longer be registered

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