Cass's trustee in bankruptcy (Andrew Tettenborn, 15 Dec 2000)

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Sender:	Andrew Tettenborn
Date:	Fri, 15 Dec 2000 09:23:23
Re:	Cass's trustee in bankruptcy

Lionel asks what might have happened if Cass's trustee in bankruptcy had tried to recover his losses to the casino as transactions at an undervalue.

I'd have thought the trustee in bankruptcy would fail. Although s.339 doesn't say so in so many words, presumably it can't apply except to property which was the bankrupt's and which would otherwise have gone to the trustee. The money Cass used wasn't and wouldn't.

Any comment from specialist insolvency lawyers?

Andrew Tettenborn MA LLB
Bracton Professor of Law

Tel: 01392-263189 / +44-392-263189 (international)
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School of Law,
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[ Homepage: http://www.ex.ac.uk/law/ ].

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