Court Blocks Bankrupt Man’s $300,000 Payment to Ex-Wife

A court has ruled that Malcolm Mackenzie’s transfer of a $300,000 debt to his ex-wife, Heather Mackenzie, just weeks before his bankruptcy was an “insolvent gift” meant to evade creditors. As a result, Heather must repay $52,000 following a dispute involving Malcolm’s cousin and accountant, Brian Mackenzie, who was adversely affected by the agreement. Associate Judge Grant Brittain’s decision highlights the complexities of the case. The ruling aims to reverse the transfer to ensure fair treatment of all creditors involved.

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