Court of Appeal Wellington
11 August; 4 September 1987
Somers, Casey and Chillwell JJ
11 August; 4 September 1987
Somers, Casey and Chillwell JJ
Bankruptcy and insolvency — Antecedent transactions — Voidable security — Bankrupt secured debt to creditors one month before adjudication by way of mortgage expressed to be given in consideration of forbearance to require immediate payment — Whether forbearance to sue was valuable consideration — Insolvency Act 1967, s 57(2)(a).
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