Question
2years ago (Sep.2020), A started experiencing financial difficulty bankruptcy in March of this year (2022) A showed A only had $100 in the bank account
2years ago (Sep.2020), A started experiencing financial difficulty
bankruptcy in March of this year (2022)
A showed A only had $100 in the bank account but as a result of the trustee investigation, 9th March Powerball Lottery 30,000.00 deposit details were confirmed. 25,000 has been transferred to B on 11th March and 3800 personal withdrawal details have been confirmed.
B is A's sibling and also unsecured creditor.
Question. In this case, under the Bankruptcy Act 1966, identify any transactions that you consider are void
(Which of the laws from s120 to s122 are applicable? Why?)
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