Labio, Re M.D. Courtney, Ex Parte K.F. S.R. Accardo & Sons Pty Ltd [1986] FCA 137

CATCHWORDS

BANKRUPTCY - application by trustee for declarations under ss.120 and 122 of the Bankruptcy Act 1966 - purported disposition of two motor vehicles by the bankrupt within two years before the commencement of the bankruptcy - whether payments advanced by lenders on behalf of the bankrupt - validity of alleged agreement

for security for loan - absence of valuable consideration.

Bankruptcy Act 1966 ss.120 and 122.

RE: MARIO DI LABTIO

EX PARTE: KEVIN F. COURTNEY (as Trustee of the property of Mario Di Labio, a Bankrupt)

AND S.R. ACCARDO & SONS PTY LTD, ANTONIO D'ANNA, FONSEENA PTY LTD and FIORALBA DI LABIO

No. 257 of 1985

Woodward J. Melbourne 21 April 1986

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IN THE FEDERAL COURT OF AUSTRALIA

GENERAL DIVISION BANKRUPTCY DISTRICT OF THE

No. 257 of 1985

STATE OF VICTORIA

RE: MARIO DI LABTO Bankrupt EX PARTE: KEVIN F. COURTNEY (as Trustee of the property of Mario Di Labio, a Bankrupt) Applicant AND S.R. ACCARDO & SONS PTY LTD, ANTONIO D'ANNA FONSEENA PTY LTD and FIORALBA DI LABIO Respondents MINUTES OF QRDER COURT: Woodward J. DATE: 21 April 1986 PLACE: Melbourne THE COURT DECLARES THAT: l. The purported disposition of motor vehicles registered numbers IVC 493 and BNB 247 by the bankrupt, Mario Di Labio, to the third named respondent, Fonseena Pty Ltd, in or about February or May 1985 is void as against the applicant trustee. THE COURT FURTHER ORDERS THAT: 2. Each of the respondents take whatever steps may be

necessary to transfer title in the said vehicles to the

applicant trustee.

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