During consultations, clients frequently ask, “Now that I’ve been sued, what can I do to protect my property from a judgment?” Sadly, the law of fraudulent transfers limits the options available to a lawyer to help you protect your assets in such a situation. As with most things, when it comes to protecting your own property an ounce of prevention is worth a pound of cure.
Very simply stated, a fraudulent transfer is a transfer of property which defrauds a creditor. Most frequently, these claims arise when a defendant hides or moves assets in an attempt to keep them away from a creditor after the defendant knows they are due.
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