- 在1967年破产法令第52节条文下，任何产业的转让，如果是财产拥有者在进行转让产业倒数的5年内宣告破产，可能被破产局总监申请转让无效。
- 第52节条文所指的转让，包括产业、债券及钱财的赠赐。
- 因此，破产之前的转让或买卖交易是有长达5年的追溯期。破产之前5年所转让或出售的产业，破产局都有权追查。除非可以证明欠债人在产业转让时，有足够的经济能力缴付所有债务。
- 产业的转让若是在妻子或孩子之间进行，如果进行转让者（欠债人）在转让产业的2年内破产，有关的转让可被破产局视为绝对无效。
- 若把产业转让给无关的第三者, 除非能够证明第三者不晓得欠债人即将被起诉破产，而且转让的价格也必须是根据市价。
Avoidance of voluntary settlement
52. (1) Any settlement of property, not being a settlement made before and in consideration of marriage or a settlement made in favour of a purchaser or incumbrancer in good faith and for valuable consideration, or a settlement made on or for the wife or children of the settlor of property which has accrued to the settlor after marriage in right of his wife, shall, if the settlor becomes bankrupt within two years after the date of the settlement, be absolutely void against the Director General of Insolvency, and shall, if the settlor becomes bankrupt at any subsequent time within five years after the date of the settlement, be void against the Director General of Insolvency, unless the parties claiming under the settlement can prove that the settlor was at the time of making the settlement able to pay all his debts without the aid of the property comprised in the settlement, and that the interest of the settlor in such property had passed to the trustee of such settlement on the execution thereof.
(2) Any covenant or contract made in consideration of marriage for the future settlement on or for the settlor’s wife or children of any money or property wherein he had not at the date of his marriage any estate or interest, whether vested or contingent, in possession or remainder, and not being money or property of orin right of his wife, shall, on his becoming bankrupt, before the property or money has been actually transferred or paid pursuant to the contract or covenant, be void against the Director General of Insolvency.
(3) For the purposes of this section “settlement” includes any conveyance or transfer of property, bill, bond, note, security for money or covenant for the payment of money and any gift of money.
(4) For the purposes of this section a settlor who dies insolvent shall be deemed to have become bankrupt at the date of his death.
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