BORA Insolvency Law Reform Bill [pdf, 382 KB]
...context in which the transaction occurred, she or he believed they would be able to pay the debt when it fell due. The defendant can escape liability by proving on the balance of probabilities that, for example, the default occurred for a reason such as job loss or bank error. This evidence may emanate from the bankrupt's personal knowledge to which the Assignee would not have access. 75. Clause 203 (Presumption of insolvent gift) presumes that gifts made within 6 months immediatel...