Where property is registered in joint names but one party provided all the purchase money, the registered co-owner holds on resulting trust for the party who provided the funds, and the property does not form part of the registered co-owner's bankrupt estate. A settlement under s 120 of the Bankruptcy Act 1966 is not void where the settlor was able to pay all debts without the aid of the settled property. Transactions remote in time from a disputed transfer cannot establish a course of conduct designed to defeat creditors for the purposes of s 121.
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