Hi Trevor,
That's a common cop out. When people realise that they're going under, the assets suddenly walk and become the wife's or offspring's possessions.
Bankrupt builders in particular are bad for it. Getting out of the game owing customers tens of thousands as well as sub-contractors being unpaid.
I met someone, years ago, who was trained specially to pack C. Skase's belongings a year before he went to Spain. She supervised the packing and removal of everything to Spain. Skase knew well beforehand the game was up.
Cheers Marty