(B) the debtor intended to defraud, defeat or delay a creditor. (A) the debtor was insolvent at the time of the transfer or was rendered insolvent by it, or (ii) the transfer occurred during the period that begins on the day that is five years before the date of the initial bankruptcy event and ends on the day before the day on which the period referred to in subparagraph (i) begins and (i) the transfer occurred during the period that begins on the day that is one year before the date of the initial bankruptcy event and ends on the date of the bankruptcy, or (b) the party was not dealing at arm’s length with the debtor and (iii) the debtor intended to defraud, defeat or delay a creditor or

(ii) the debtor was insolvent at the time of the transfer or was rendered insolvent by it, and (i) the transfer occurred during the period that begins on the day that is one year before the date of the initial bankruptcy event and that ends on the date of the bankruptcy,

(a) the party was dealing at arm’s length with the debtor and PART IV Property of the Bankrupt (continued) Preferences and Transfers at Undervalue (continued)ĩ6 (1) On application by the trustee, a court may declare that a transfer at undervalue is void as against, or, in Quebec, may not be set up against, the trustee - or order that a party to the transfer or any other person who is privy to the transfer, or all of those persons, pay to the estate the difference between the value of the consideration received by the debtor and the value of the consideration given by the debtor - if

Setoff trustee fraudulent conveyance