Section 544(b) of the Bankruptcy Code empowers a bankruptcy trustee to avoid any transfer of an interest of the debtor in property that is voidable under “applicable law” by an unsecured creditor.
A Longer Statute of Limitations Period for Pursuing Fraudulent Transfer Actions May Exist
Transactions that closed more than four or even six years post-transfer, nonetheless may be subject to an avoidance action for recovery of a fraudulent transfer.
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