It’s not uncommon in the United States for bankruptcy trustees to “clawback” fraudulent transfers made before a chapter 11 (or, indeed, a chapter 7) bankruptcy case. However, Bernard Madoff’s infamous Ponzi scheme left victims worldwide, with numerous bankruptcy and insolvency proceedings around the world as a result. How are funds recovered across borders? Understand through case examples the complexities of international bankruptcy cases and learn when a trustee can clawback fraudulent transfers by reading How Far Can the Trustee Reach?
|