Re Kerr - [1993] 2 NZLR 378

Bankruptcy and insolvency — Voidable preferences — Whether instrument by way of security given in "substitution" for unregistered mortgage — Whether instrument by way of security received in good faith — Whether recipient had altered its position — Whether it would be inequitable to order recovery of the property — Insolvency Act 1967, ss 57(4)(b) and 58(6).