Queensland Consolidated Acts Queensland Consolidated ActsIn the event of any person to whom money has been advanced by way of loan upon such a contract as is mentioned in section 6, or of any buyer of a goodwill in consideration of a share of the profits of the business, being adjudicated insolvent, entering into an arrangement to pay the person's creditors less than 100 cents in the dollar, or dying in insolvent circumstances, the lender of the loan is not entitled to recover anything in relation to the person's loan, and the seller of the goodwill is not entitled to recover anything in relation to the share of profits contracted for, until the claims of the other creditors of the borrower or buyer for valuable consideration in money or money's worth have been satisfied.