# Insolvency Act 1986, Paragraph 9


(1) The debtor has not entered into a transaction with any person at an undervalue during the period between—
(a) the start of the period of two years ending with the application date; and
(b) the determination date.
(2) For this purpose a debtor enters into a transaction with a person at an undervalue if—
(a) he makes a gift to that person or he otherwise enters into a transaction with that person on terms that provide for him to receive no consideration;
(b) he enters into a transaction with that person in consideration of marriage or the formation of a civil partnership; or
(c) he enters into a transaction with that person for a consideration the value of which, in money or money's worth, is significantly less than the value, in money or money's worth, of the consideration provided by the individual.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/4ZA/paragraph/9 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-4ZA/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.