Re Austin (a bankrupt) - [1982] 2 NZLR 524

Bankruptcy and insolvency — Antecedent transactions — Mortgage to secure money owing under trade account to paint supplier executed within 12 months of the filing of a bankruptcy petition — Whether supplier's forbearance to sue was valuable consideration for the purpose of s 57(2) of the Insolvency Act 1967 - Whether the supplier had acted in good faith.