gratuitous alienation

gratuitous alienation

giving things away before insolvency is struck at by rules against gratuitous alienations and property can be recovered for the estate. Naturally, if a full and fair price is paid, the estate is no worse offand the transaction is not affected on this ground.
References in periodicals archive ?
The gift is described as a "gratuitous alienation" - a transfer to put money beyond creditors' reach.
LOTTO BANKRUPT PROBED ON pounds 400K GIFT FOR WIFE; Threat of court over money he 'gave' to missus
No valid title passed regardless of the intention of Mina to donate the property to Lucy, because the naked intent to convey without the required solemnities does not suffice for gratuitous alienations, even as between the parties inter se.
The aunt fights back
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