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Hanski has been declared bankrupt through a creditor's petition on 28 January 2021. In the weeks leading up to bankruptcy, he sells his motor vehicle
Hanski has been declared bankrupt through a creditor's petition on 28 January 2021. In the weeks leading up to bankruptcy, he sells his motor vehicle valued at $14,000 to Cameron for $5,000; gives valuable working tools to Leonard his friend; and pays off a personal loan given to him by his friend Kim, valued at $8,000. Required: Identify the legal issues arising from this scenario in bankruptcy. leagal issue according to australian law legal issue in bankruptcy in such case
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