Bankruptcy Regulations 2021
PART 6
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ADMINISTRATION OF PROPERTY
Division 4
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Undervalued transactions
SECTION 31
31
TRANSFERS EXEMPT FROM BEING VOID AGAINST TRUSTEE
For the purposes of paragraph 120(2)(d) of the Act, a transfer is of a kind to which subsection 120(1) of the Act does not apply if the costs of recovering the transferred property would, in the opinion of the trustee in the transferor ' s bankruptcy, be likely to exceed the value of the property to the transferor ' s creditors.
For the purposes of paragraph 120(2)(d) of the Act, a transfer is of a kind to which subsection 120(1) of the Act does not apply if the costs of recovering the transferred property would, in the opinion of the trustee in the transferor ' s bankruptcy, be likely to exceed the value of the property to the transferor ' s creditors.
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