Bankruptcy Act · 2009 Revised Edition · Part X · Bankruptcy Offences
138. Fraudulent disposal of property
Feedback & supportA bankrupt shall be guilty of an offence if —
bankrupt
“bankrupt” means —(a)the individual debtor who has been adjudged bankrupt by a bankruptcy order; or(b)where a bankruptcy order has been made against a firm, each of the partners in the firm;
he makes or causes to be made, or has during the period of 5 years prior to the date of the bankruptcy order against him made or caused to be made, any gift or transfer of, or any charge on, his property; or
he conceals or removes, or has at any time before the commencement of the bankruptcy concealed or removed, any part of his property after, or within 2 months before, the date on which a judgment or an order for the payment of money has been obtained against him, being a judgment or an order which was not satisfied before the commencement of his bankruptcy.
In this section, the reference to making a transfer of or a charge on any property includes a reference to causing or conniving at the levying of any execution against that property.
property
“property” includes money, goods, things in action, land and every description of property wherever situated and also obligations and every description of interest, whether present or future or vested or contingent, arising out of or incidental to, property;