Fraudulent Transfer Claims

Fraudulent transfer claims arise when a debtor intentionally moves their assets to avoid paying creditors. This can involve selling property at a significantly reduced price, transferring funds to family or friends, or hiding assets. The goal is to make it difficult for creditors to collect money owed. Courts can review these transactions, and if deemed fraudulent, they may reverse the transfer, reclaim the assets, or demand payment from those who received the assets. Essentially, it's about ensuring fairness in financial dealings and protecting the rights of creditors.