The Bankruptcy Acts
(1) The Bankruptcy Acts shall have effect as if for section 53 of the Bankruptcy (Ireland) Amendment Act, 1872 (which relates to the avoidance of fraudulent preferences) there were substituted the following section:
"53. Every conveyance or transfer of property or charge thereon made, every payment made, every obligation incurred and every judicial proceeding taken or suffered by any person unable to pay his debts as they become due from his own moneys, in favour of any creditor or of any person in trust for any creditor, with a view to giving such creditor, or any surety or guarantor for the debt due to such creditor a preference over the other creditors, shall, if the person making, taking, paying or suffering the same is adjudged bankrupt on a bankruptcy petition or a petition for arrangement, presented within 6 months after the date of making, taking, paying or suffering the same, be deemed fraudulent and void against the assignees or truste