Re Hussain a bankrupt (10 March 2023)

The Chancery Division stayed an application by the joint trustees in bankruptcy of Mr H, in which they applied for the sale of the family home of Mr and Mrs H for the purposes of the bankruptcy, as 50% beneficial owners. The court held that the trustees had not proved on the balance of probability that the transaction had been at an undervalue. Mrs H’s oral evidence that there had been an agreement at the date of the letter resulting in good consideration for the release could not be rejected.