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Gratuitous Alienations

Volume 83: debated on Monday 22 July 1985

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I beg to move amendment No. 19, in page 37, line 6 leave out from 'that' to second 'or' in line 7 and insert

'immediately, or at any other time, after the alienation the debtor's assets were greater than his liabilities.'.
The amendment makes it clear what is meant by absolute solvency. It is in line with existing case law based on the Bankruptcy Act 1621, which this Bill replaces

Amendment agreed to.