Uniform Fraudulent Conveyance Act (UFCA)

The Uniform Fraudulent Conveyance Act (UFCA) is a legal framework that prevents individuals or businesses from transferring their property to evade creditors. Essentially, it addresses situations where a debtor tries to hide assets to avoid paying debts. Under the UFCA, a conveyance (or transfer of property) can be deemed fraudulent if it was made with the intent to hinder, delay, or defraud creditors. This law ensures transparency and fairness in financial dealings, allowing creditors to recover debts owed to them. It aims to uphold the integrity of financial transactions and protect creditors' rights.