When can the seller withhold the assets or recover possession of the transferred assets from the purchaser in bankruptcy proceedings?
The seller can withhold the assets or recover possession of the transferred assets from the purchaser in bankruptcy proceedings if the goods have not entered the purchaser's warehouses, the seller has not transferred ownership interests or real estate to the purchaser's name, or the seller has initiated bankruptcy proceedings before the purchaser has paid the price. The seller can do this in order to hand over the assets to the purchaser and terminate the sale contract.