The bankruptcy court may now void certain fraudulent transfers of the debtor's property and obligations incurred by the debtor within 2 years of the filing of the petition for bankruptcy.

Question

Quizplus · Accepted Answer

This statement is true. Under the Bankruptcy Code, the bankruptcy court has the power to void certain fraudulent transfers and obligations incurred by the debtor within 2 years of filing for bankruptcy. This is done to ensure that the debtor's assets are distributed fairly among creditors and that any attempts to defraud creditors are discovered and dealt with.

The Bankruptcy Court May Now Void Certain Fraudulent Transfers of the Debtor's