§ Mr. Arthur Lewisasked the Secretary of State for Trade whether he will take action to strengthen the present bankruptcy laws so as to prevent the present practice whereby persons arrange to go into bankruptcy, but just before doing so set up family trusts or pass over their property and assets to their wives and families and thus deprive their creditors of the chance of attaining any of the monies due to them.
§ Mr. Eyre[pursuant to his reply 18 June 1981]: There are provisions in existing legislation under which a settlement or conveyance of property entered into by a bankrupt with the intention of defrauding his creditors may be declared void against the trustee in bankruptcy.