SCHEDULES

SCHEDULE 5Financial relief in the High Court or a county court etc.

Part 14Miscellaneous and supplementary

Settlement, etc., made in compliance with a property adjustment order may be avoided on bankruptcy of settlor

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The fact that—

(a)

a settlement, or

(b)

a transfer of property,

had to be made in order to comply with a property adjustment order does not prevent the settlement or transfer from being a transaction in respect of which an order may be made under section 339 or 340 of the Insolvency Act 1986 (c. 45) (transfers at an undervalue and preferences).