Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Four month prior to the commencement of her bankruptcy melisa gave a $ 45000sports car to her niece Barbara. Two months later Melissa paid $4000

Four month prior to the commencement of her bankruptcy melisa gave a $ 45000sports car to her niece Barbara. Two months later Melissa paid $4000 to her solicitor Anthony, being half of the amount that she owned to Anthony because Anthony has threatened to tell Melissas other creditors that Melissa was insolvent

advise whether Melissas trustee in bankruptcy can recover

1. the car from Barbara or

2. the $4000 from anthony

your answer should include reference to the bankruptcy act 1966 (cth) and relevant case law

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Global Perspective

Authors: Rod Monger

1st Edition

0470518405, 978-0470518403

More Books

Students also viewed these Accounting questions

Question

What is the accounting equation?

Answered: 1 week ago

Question

Dont off er e-mail communication if you arent going to respond.

Answered: 1 week ago