Transaction at an Undervalue

The selling off of a company’s or individual’s assets or any other transaction which occurs at a significant reduction in value within the 2 years ending with the onset of insolvency in the case of a company, or within the 5 years ending with the presentation of the bankruptcy petition for an individual. Transactions at an undervalue can be challenged by a Liquidator, Trustee in bankruptcy or Administrator and if successful can result in the assets being recovered and sold for the benefit of creditors or payment being recovered from either the beneficiary or the directors of the company.