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Fraudulent Conveyance

   Also found in: Legal, Wikipedia 0.04 sec.
Fraudulent Conveyance
The illegal transfer of property to another party in order to defer, hinder or defraud creditors.

Notes:
In order to be found guilty of fraudulent conveyance, it must be proven that the accused's intention for transferring the property was to put it out of reach of a known creditor.


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The law firm Hahn & Hessen LLP announced that it has won a contentious fraudulent conveyance action on behalf of its client Insilco Corp.
In a bankruptcy situation, if vendors ship based on [false] communications, they can sue for fraudulent conveyance," says Sitrick, who stopped the release.
affirms, holding T liable under his state's fraudulent conveyance law.
 
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