Insolvency: Property
Commons · Question 4717 · Tabled 29 May 2026 · Department for Business and Trade · Official record
Answered 8 Jun 2026
Question
Asked by Euan Stainbank
To ask the Secretary of State for Business and Trade, since 4 July 2024 how many reports regarding conduct of directions from insolvency practitioners included reports of gratuitous alienation.
Answer
Answered by Blair McDougall, 8 Jun 2026
Section 242 of the Insolvency Act 1986 applies to gratuitous alienations in Scotland, allowing certain transactions to be challenged where company assets are transferred for no consideration or below value. Director conduct reports do not include a specif...