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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 3 December 2013 - onwards
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57. Avoidance of fraudulent preferences.

(1) Every conveyance or transfer of property or charge made thereon, 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 money 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, incurring, taking or suffering the same is adjudicated bankrupt within 3 years after the date of the making, incurring, taking or suffering the same, be deemed fraudulent and void as against the Official Assignee; but this section shall not affect the rights of any person making title in good faith and for valuable consideration through or under a creditor of the bankrupt.

(2)

(a) Where a person is adjudicated bankrupt and anything made or done is void under subsection (1) or was void under the corresponding provisions

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