{
  "url": "https://openlegislation.uk/insolvency-england-and-wales-rules-2016/schedule-8/paragraph-1",
  "json_url": "https://openlegislation.uk/insolvency-england-and-wales-rules-2016/schedule-8/paragraph-1.json",
  "legislation": "uksi/2016/1024",
  "legislation_title": "The Insolvency (England and Wales) Rules 2016",
  "legislation_url": "https://openlegislation.uk/insolvency-england-and-wales-rules-2016",
  "path": "schedule/8/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "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—\n(a) description of the asset;\n(b) date the debtor gave away, transferred or sold the asset;\n(c) consideration given, if any;\n(d) name and address of the person to whom the debtor sold, transferred or gave away the asset;\n(e) relationship of that person to the debtor;\n(f) if relevant, name of the trustees and beneficiaries or class of beneficiaries;\n(g) estimated market value of the asset at the date of the bankruptcy application;\n(h) net proceeds (if any) (less any charges and legal fees).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2016/1024/schedule/8/paragraph/1",
    "retrieved_at": "2026-10-28T23:19:01.539785+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}