8 Sept 2008
THE OFFICIAL ASSIGNEE IN THE BANKRUPTCY OF CLARKSON V STEPHENS HC TAU CIV 2008-470-460
- Citation
- openlaw-11f88512_aba3_4a34_9008_bab5e3190770.pdf
- Court
- Unknown Court
The s206 notice was properly served and no objection was lodged; the respondent failed to prove any of the s208 defences (good faith, reasonable person standard, or having given value/altered position); the gift was an insolvent transfer that prevented payment to creditors; accordingly the Court ordered re-transfer/payment of the ordered amount to the Official Assignee and costs.