Section 548 of the Bankruptcy Code

Section 548 of the Bankruptcy Code addresses fraudulent transfers made by a debtor before filing for bankruptcy. It allows the bankruptcy trustee to undo certain transfers of money or property if the debtor transferred assets with the intent to delay, hinder, or defraud creditors, or if the transfer was done for less than the property's fair value. The goal is to ensure that assets are preserved for creditors and prevent debtors from secretly hiding or moving assets before declaring bankruptcy. This law helps promote fairness and transparency in the bankruptcy process.