The Equity of Exoneration and Figments of the Trustee’s Imagination

Journal article


Morrison, David and Quirk, Patrick Thomas. (2024). The Equity of Exoneration and Figments of the Trustee’s Imagination. Insolvency Law Journal. 31(4), pp. 223-236.
AuthorsMorrison, David and Quirk, Patrick Thomas
Abstract

The equity of exoneration is an age-old doctrine, originally available to married women, who without recognised legal status, were accorded an equity in circumstances where they charged their own interest in an asset, usually the family home, for the purposes of promoting a business or venture conducted and owned by their husband and where their husband later became bankrupt. This article examines the equity in its current form and the ways that it is typically used today. Whether there is a need for such an equity in most circumstances is a moot point, given the considerable advancement of the legal status of women, and the development of the conduct and financing of business since the 17th century. Recent decisions, nonetheless, support the continued operation of the equity.

KeywordsAdministration of estates; Bankruptcy; Equity; Marital property; Trusts and trustees; Vindication
Year01 Jan 2024
JournalInsolvency Law Journal
Journal citation31 (4), pp. 223-236
PublisherThomson Reuters (Lawbook Co.) Australia
ISSN1039-3293
Web address (URL)https://search.informit.org/doi/10.3316/informit.t2024031800005501384434787
Open accessPublished as non-open access
Research or scholarlyResearch
Page range223-236
Publisher's version
License
All rights reserved
File Access Level
Controlled
Output statusPublished
Publication dates
Print01 Feb 2024
Publication process dates
AcceptedJan 2024
Deposited27 Aug 2024
Additional information

© Thomson Reuters, 2024.

Place of publicationAustralia
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https://acuresearchbank.acu.edu.au/item/90x5v/the-equity-of-exoneration-and-figments-of-the-trustee-s-imagination

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