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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

11 JAN 2012

Salter v Wetton (As Trustee in Bankruptcy of Calder (Deceased)) [2011] EWHC 3192 (Ch), [2011] BPIR Issue 1 (Chancery Division, Briggs J, 2 December 2011)

S and the bankrupt were joint owners of a property. The bankrupt’s interest was transferred to S at an undervalue 2½ years before the bankruptcy order. On the trustee’s application, the transaction was avoided as a transaction at an undervalue, the judge relying upon the presumption of insolvency under s 341(2) of the Insolvency Act 1986 because of their joint trusteeship.


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