The district court held that Agama Systems, Inc. (“Agama”) did not have a claim in bankruptcy against the estate of Micro Innovations Corporation. Agama contends that the district court erred by concluding that the Bankruptcy Code does not create a claim on behalf of a bad faith transferee after a trustee recovers the value of the estate’s fraudulent transfer. Agama’s argument is meritless. Because the Bankruptcy Code does not create such a claim, and because Agama does not have an enforceable claim based in non-bankruptcy law, we AFFIRM the holding of the district court.