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In Order for a Payment Made by an Insolvent Debtor

question 21

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In order for a payment made by an insolvent debtor within the six month limitation period to be declared void,the payment must be shown to favour one or more of the bankrupt's creditors to the detriment of the others.


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SME

An acronym for Subject Matter Expert, referring to an individual with deep knowledge and expertise in a specific field or subject area.

Time Limit

A fixed period or duration in which something is to be started or completed.

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Different parts, features, or elements of something.

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