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Following a petition by Sam, a sequestration order is made against Andrew on 10 May 2022. The Official Receiver in Bankruptcy discovers that: On 12
Following a petition by Sam, a sequestration order is made against Andrew on 10 May 2022. The Official Receiver in Bankruptcy discovers that:
- On 12 January 2022, Andrew sold his drum kit worth $3,000 to Nick for $1,500.
- In August 2020, Andrew transferred his house into his mother's name by way of gift.
- Andrew paid Barry $10,000 on 31 December 2021 for mechanical work which he had conducted.
Required: Advise (with reasons) if the Official Receiver can recover any of the above payments made, or asset transferred, by Andrew under the Bankruptcy Act 1966 (Cth).
explanation only according to Australian jurisdiction please
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