Uniform Fraudulent Transfer Act

The Uniform Fraudulent Transfer Act (UFTA) is a law that helps protect creditors by preventing debtors from intentionally transferring their assets to others or hiding them to avoid paying debts. If a transfer is made with the purpose of unfairly avoiding creditors, or if it leaves the debtor unable to pay what they owe, the law allows creditors to challenge and potentially undo that transfer. The goal is to ensure fair transactions and prevent debtors from unfairly depriving creditors of their rightful payments.