Re Karl Eric Watkin

Insolvency - Bankruptcy - Bankrupt's estate – . The applicant trustees in bankruptcy sought declarations that proceeds from the sales of three properties held by the respondent daughter of the bankrupt formed part of the bankrupt's estate. The Business and Property Court, dismissing the application, held that, whilst the bankrupt had advanced an initial payment and acted as guarantor, he had merely acted to facilitate the mortgage of the properties for the respondent, those properties being in her name and the mortgage instalments being paid by her from the proceeds of rents received, with the result that the respondent had not held the properties as bare trustee for the bankrupt on resulting trust principles.

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