No versions valid at: 26/07/1994
Point in time view as at 26/07/1994. This version of this part contains provisions that are not valid for this point in time.
Insolvency Act 1986, Paragraph 9 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Valid from 24/02/2009
[F19(1)The debtor has not entered into a transaction with any person at an undervalue during the period between—E+W
(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.]
Textual Amendments
F1Sch. 4ZA inserted (24.2.2009 for certain purposes otherwise 6.4.2009) by Tribunals, Courts and Enforcement Act 2007 (c. 15), ss. 108(2), 148(5), Sch. 18; S.I. 2009/382, art. 2
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