Wife Sees Off Bankruptcy Trustees' Attempt to Sell Off Her Home
9th May, 2022When people dispose of assets shortly before having themselves declared bankrupt, it is inevitable that eyebrows will often be raised. However, as a judge's ruling showed, it is one thing to allege an improper motive and quite another to prove it. The case concerned a businessman who transferred a 50 per cent share in his home to his wife about four months before he was made bankrupt on his own petition. His trustees in bankruptcy questioned the timing of the transaction. They argued that the transfer should be rescinded and...