In what circumstances will the bankruptcy court avoid a transaction in which a debtor has been found to be in breach of the Bankruptcy and Suspension Act?
Saskatchewan, Canada
The following excerpt is from Wagner v. Hartows, 1922 CanLII 117 (SK CA):
In McCrae v. White, 1883 CanLII 7 (SCC), 9 S.C.R. 22, at p. 29, Strong, J., said: The case, I admit, is a suspicious one, but that is not enough to avoid the security. In administering the bankruptcy law the English courts will not avoid transactions of this kind on evidence inducing suspicion merely, * *
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