A businessman knew that he was facing substantial losses from pending litigation. Shortly before declaring bankruptcy, he transferred his interest in the matrimonial home to his wife. What was the result? The court reversed the transfer, determining that it was a bankruptcy offence under the Bankruptcy and Insolvency Act. The court allowed the transfer, determining that the wife was not a co- conspirator. The court declined to exercise jurisdiction, because a bankrupt has no status to appear in court. The court reversed the transfer, because it was unnecessary: the wife would automatically receive the matrimonial home once the bankruptcy took effect. The court allowed the transfer, because transfers between spouses are exempt under the Bankruptcy and Insolvency Act