Section 423 of the Insolvency Act 1986 Claim by Trustee in Bankruptcy – any limitation? – 33 Bedford Row
‘The Insolvency Act 1986 provides to a trustee in bankruptcy in respect to the bankrupt estate, an armoury of potential actions. The main ones, focused on enhancing a depleted bankrupt estate, are: (a) s.339, entitled ‘Transactions at an undervalue’; (b) s.340, entitled ‘Preferences’; and (c) s.423, entitled ‘Transactions defrauding creditors’ (though note, no fraud need be shown; and this cause of action is not exclusive to trustees in bankruptcy).’
33 Bedford Row, 11th April 2025
Source: 33bedfordrow.co.uk