Fraudulent conveyance
Posted on:1/27/2006
| In legal parlance, fraudulent conveyance refers to the illegal transfer of property to another party in order to defer, hinder or defraud creditors. |
In legal parlance, fraudulent conveyance refers to the illegal transfer of property to another party in order to defer, hinder or defraud creditors.
In order to be found guilty of fraudulent conveyance, it must be proven that the accused's intention for transferring the property was to put it out of reach of a known creditor.
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