Roger Rogue owned an Electrical Products business. Roger sold his business to Roger Electrical Pty Ltd, which he incorporated because he was worried about a drop in sales and an escalation of trade creditors. Roger was the only shareholder and director of the company. He took out a debenture for $100,000 over the shares in Roger Electrical Pty Ltd. The company's creditors were owed $1,000,000 over the value of the business assets. The company went into liquidation. Roger's home was valued at $1,500,000 but he transferred it into his wife's name when the business was in trouble. Could the liquidator sue Roger for the debts owing to the company?

must include case law (where relevant) and the provisions of the Corporations Act 2001.

Refer to the answer method of the given sample