Fraudulent Conveyance Laws

Fraudulent conveyance laws are legal provisions designed to prevent individuals or businesses from intentionally transferring assets to avoid debts or defraud creditors. When a person moves money or property to hide it from creditors, this can be challenged in court. The goal is to ensure that creditors can collect what they are owed and that debts are honored fairly. Courts may reverse such transfers, allowing creditors to reclaim assets to satisfy outstanding obligations. Essentially, these laws protect the integrity of financial transactions and promote honest dealings.