OpenLegislation

Paragraph 1

Where in the five years preceding the date on which the bankruptcy application is made the debtor has entered into a transaction at an undervalue within the meaning of section 339(1), given a preference within the meaning of section 340(2), has rights or excluded rights under section 342A(3) of the Act or placed an asset into a trust for the benefit of any person, including the surrender of life, endowment and pension policies, in respect of each asset—

(a)

description of the asset;

(b)

date the debtor gave away, transferred or sold the asset;

(c)

consideration given, if any;

(d)

name and address of the person to whom the debtor sold, transferred or gave away the asset;

(e)

relationship of that person to the debtor;

(f)

if relevant, name of the trustees and beneficiaries or class of beneficiaries;

(g)

estimated market value of the asset at the date of the bankruptcy application;

(h)

net proceeds (if any) (less any charges and legal fees).