423 Transactions defrauding creditors
Insolvency Act 1986 (1986 c 45) | Legislation

Part XVI Provisions Against Debt Avoidance (England and Wales only)

423  Transactions defrauding creditors

(1)     This section relates to transactions entered into at an undervalue; and a person enters into such a transaction with another person if—

(a)     he makes a gift to the other person or he otherwise enters into a transaction with the other on terms that provide for him to receive no consideration;

(b)     he enters into a transaction with the other in consideration of marriage [or the formation of a civil partnership]; or

(c)     he

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