Business, Legal & Accounting Glossary
n. the transfer (conveyance) of title to real property for the express purpose of putting it beyond the reach of a known creditor. In such a case the creditor may bring a lawsuit to void the transfer. However, if the transfer was made without knowledge of the claim (or before a debt has matured), for other legitimate reasons, and/or in the normal course of business, then the creditor’s attempt to obtain a judgment setting aside the conveyance will probably fail.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Fraudulent Conveyance are sourced/syndicated and enhanced from:
This glossary post was last updated: 28th April, 2020 | 0 Views.