Tag: defrauding creditors
Court of Appeal confirms test to be applied when looking to set aside transactions defrauding creditors
When an individual or a company enters into a transaction at an undervalue the Insolvency Act 1986 has provisions (sections 238 and 339) which allow an officeholder, whether they be a trustee in bankruptcy of individual or a liquidator to the company, to overturn those transactions. In relation to the company the transaction must be... Read more »