Official Trustee in Bankruptcy v Racovitis, Dimitrios & Anor [1995] FCA 959

C A T C H W O R D S BANKRUPTCY - mortgage within relation back period of bankruptcy - whether title of mortgagee void as against trustee in bankruptcy - whether mortgage given "for valuable consideration" - whether forbearance to sue - avoidance of settlement under s.120 Bankruptcy Act (Cth) discussed. Bankruptcy Act 1966 (Cth) - ss.120(1), 120(7) Transfer of Land Act 1958 (Vic) In Re Carter & Kenderdine's Contract [1897] 1 Ch 776 Wigan v English & Scottish Law Life Assurance Association [1909] 1 Ch 291 Re Hyams (1971) 19 FLR 232 In Re Dundas, Moss v Dundas (1933) 6 ABC 265 Lintner Group Limited v Goldberg (1992) 7 ACSR 580 Re Brall. Ex parte Norton [1893] 2 QB 381 Re Vansittart. Ex parte Brown [1893] 2 QB 377 Re Theodore Charles Trautwein; Richardson v Theo William Nugent Trautwein (1944) 14 ABC 61 Re Macdonald. Ex parte McCullum [1920] 1 KB 205 Re Simms. Ex parte Sheffield [1896] 3 Mans 340 Re Parry. Ex parte Salaman [1904] 1 KB 129 Re Barton; Ex parte Official Receiver v Barton (1983) 52 ALR 95 Official Trustee in Bankruptcy v Martin (1990) 24 FCR 504 Re Pope. Ex parte Dicksee [1908] 2 KB 169 Bloomfield v Rummage [1897] 23 VLR 365 Re Johnstone; Ex parte Cole (1984) 3 FCR 32 Re Trimbole; Ex parte Donnelly, (unreported, Beaumont J., 11 July 1986) Re Douglas; Ex parte Starkey (1987) 15 FCR 475 Glegg v Bromley [1912] 3 KB 474 Re McCauley. Ex parte Official Receiver (1931) 4 ABC 77 N A Kratzmann Pty Limited (In Liq) v Tucker (1966) 123 CLR 257 THE OFFICIAL TRUSTEE IN BANKRUPTCY v DIMITRIOS RACOVITIS and KATINA RACOVITIS No VG 566 of 1995 Davies, Lockhart & Spender JJ 28 November 1994 Sydney (heard in Melbourne)

IN THE FEDERAL COURT OF AUSTRALIA ) ) BANKRUPTCY DISTRICT OF THE ) No VG 566 of 1995 ) STATE OF VICTORIA ) ) GENERAL DIVISION ) On appeal from a single judge of the Federal Court of Australia BETWEEN: THE OFFICIAL TRUSTEE IN BANKRUPTCY Appellant AND: DIMITRIOS RACOVITIS First Respondent KATINA RACOVITIS Second Respondent Coram: Davies, Lockhart & Spender JJ Date: 28 November 1995 Place: Sydney (heard in Melbourne) MINUTES OF ORDER THE COURT ORDERS THAT: 1. The appeal be dismissed. 2. The appellant pay the respondents' costs of the appeal. NOTE: Settlement and entry of orders is dealt with in Rule 124 of the Bankruptcy Rules.