Uniform Fraudulent Transfers Act (UFTA)

The Uniform Fraudulent Transfers Act (UFTA) is a law that helps protect creditors from debtors who try to avoid paying their debts by hiding or transferring their assets. If a debtor moves their property or money to someone else to keep it from creditors, the UFTA allows those creditors to challenge the transfer in court. The law aims to ensure fairness in financial dealings, allowing creditors to recover what they are owed and preventing fraudulent behavior that undermines trust in economic transactions.