Can property that was not formally owned by the bankrupt be recovered if it is held by an associated entity of the bankrupt?

Question

Quizplus · Accepted Answer

If the trustee can demonstrate that the bankrupt acquired some benefit from the property held by the associated entity, it may be recovered. The trustee must prove that the bankrupt had a contractual arrangement with the entity or that there was some benefit to the bankrupt in the transfer of the property.

Can Property That Was Not Formally Owned by the Bankrupt