Insolvency Process Dodgy Transactions – Antecedent Transaction and Transaction at an Undervalue
In the lead up to an insolvency process, it is important that the debtor ensures that he behaves honestly, honorably and fairly in his or her dealings with all other parties who may be affected by the process. Any activities involving creditors or any third parties (not being creditors) which may negatively affect the interests of creditors are of particular concern, whether creditors are party to the transactions or not. Insolvency processes include Bankruptcy, Individual Voluntary Arrangements, Company Voluntary Arrangements and Liquidations and so on. There are two main types of dodgy transactions:
Antecedent Transaction and Transaction at an
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