New Zealand Legislation: Acts

19 Fraud or intent to prefer a creditor

• A debtor commits an act of bankruptcy if the debtor takes any of the following steps fraudulently or with an intent to give any creditor an advantage over other creditors:

  • (a) disposes of his or her property, or part of it:

  • (b) creates a charge on his or her property or gives any security in it:

  • (c) makes any payment:

  • (d) incurs any obligation.

  Compare: 1967 No 54 s 19(1)(b)