15.2.1.11 Fraudulent conveyance

When a turbo-liquidated company nonetheless becomes insolvent, fraudulent conveyance will play a peculiar role. Fraudulent conveyance may then, on the one hand, actually be the cause of the liquidation order, since it is assumed that declaring a fraudulent act void produces an asset for the benefit of the creditors of the company. On the other, it must be noted that fraudulent conveyance can be seen as the consequence of the liquidation order, since actually declaring a fraudulent legal act void under Section 42 et seq of the Bankruptcy Act can only take place following the ordering of the liquidation.