423 Transactions defrauding creditors
423 Transactions defrauding creditors

(1)     This section relates to transactions entered into at an undervalue; and a person enters into such a transaction with another person if—

(a)     he makes a gift to the other person or he otherwise enters into a transaction with the other on terms that provide for him to receive no consideration;

(b)     he enters into a transaction with the other in consideration of marriage [or the formation of a civil partnership]; or

(c)     he enters into a transaction with the other for a consideration the value of which, in money or money's worth, is significantly less than the value,

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