Your Bankruptcy Trustee will undertake a full investigation into your financial affairs leading up to your bankruptcy to establish if you entered into any transactions which can be set aside. For example if you sold an asset at under its true “market value” your Bankruptcy Trustee may seek to have it set aside. In this regard your Bankruptcy Trustee may be able to “claw back” the asset. Your Bankruptcy Trustee may seek to do this on transactions entered into up to 5 years before your bankruptcy.
