Keeping it simple: Dispositions not made for value- means no value at all. Strydom N.O and Another v Snowball Wealth (Pty) Ltd and Others [2022] ZASCA 91

Insolvency proceedings will always be to the benefit of the creditors. When companies are liquidated or private persons are sequestrated, the property of the insolvent vests in the trustee or liquidator to fairly distribute the assets among creditors.[i] However, the Insolvency Act 24 of 1936 (“the Act”) provides for the trustee to recover certain property…