KRS 304.33-320: Claims of holders of void or voidable rights.

(1) Disallowance for failure to surrender property. No claims of a creditor who has

received or acquired a preference, lien, conveyance, transfer, assignment or

encumbrance, voidable under this subtitle, shall be allowed unless he surrenders the

preference, lien, conveyance, transfer, assignment or encumbrance. If the avoidance

is effected by a proceeding in which a final judgment has been entered, the claim

shall not be allowed unless the money is paid or the property is delivered to the

liquidator within thirty (30) days from the date of the entering of the final judgment,

except that the court having jurisdiction over the liquidation may allow further time

if there is an appeal or other continuation of the proceeding.

(2) Time for filing. A claim allowable u nder subsection (1) of this section by reason of

the avoidance, whether voluntary or involuntary, of a preference, lien, conveyance,

transfer, assignment or encumbrance may be filed as an excused late filing under

KRS 304.33-360 if filed within thirty (30) days from the date of the avoidance or

within the further time allowed by the court under subsection (1) of this section.