Fraudulent Conveyances

Fraudulent conveyances refer to transactions where a person or company transfers assets to avoid creditors or reduce the amount available to repay debts. Essentially, it involves hiding or moving valuable property to deceive those owed money. This practice is illegal because it undermines the ability of creditors to recover what they are owed. Courts can reverse such transfers if they determine they were made with the intent to defraud. Understanding these conveyances is important in contexts like bankruptcy or debt recovery, as they impact financial justice for creditors.