What is the effect of the statute of limitations on an action brought by an assignee or trustee in bankruptcy?

In Gifford v. Helms, 98 U.S. 248, 25 L.Ed. 57, construing that statute, the court said that the cause of action accrued on the appointment of the assignee or trustee in bankruptcy.

What was said by this court in United States v. American Lumber Company, 85 F. 827, 29 C.C.A. 431, was in answer to the contention that the statute of limitations should be liberally construed in favor of the government so as to hold its effort to commence the action equivalent to a commencement thereof within the time limited by the statute. There was in the case no question of fraud or of a fraudulent concealment of a conveyance.