Texas Uniform Fraudulent Transfer Act (TUFTA)

The Texas Uniform Fraudulent Transfer Act (TUFTA) is a law designed to prevent individuals or businesses from hiding assets to evade creditors. If someone transfers property or money to another person with the intent to avoid paying debts, that transfer can be challenged in court. Under TUFTA, creditors can seek to reverse these transfers to recover what they are owed. The law aims to ensure fairness in financial dealings by protecting the rights of creditors and discouraging fraudulent behavior in transactions.