Sentences with phrase «fraudulent conveyance»
The phrase "fraudulent conveyance" means transferring property or assets to someone else with the intention of hiding it or avoiding creditors. It is an illegal act where a person tries to cheat or deceive others by transferring their belongings to protect them from being taken away or used to pay off debts. Full definition
The British Columbia Fraudulent Conveyance Act is a statute designed to give a remedy to creditors frustrated in collecting their debts by a debtor who has disposed of his / her assets.
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Responsible for developing litigation strategy for bankruptcy case, including pursuit of fraudulent conveyance claims against former owner while negotiating consensual liquidation process.
Mr. Clasen also has extensive experience in representing secured and unsecured creditors in bankruptcy cases involving fraudulent conveyance claims, preference claims, plan confirmation disputes, and relief from stay, as well as general claim disputes.
1st Technology filed a federal lawsuit against BEGSA and these other entities, asking the court to set aside the later transfers as fraudulent conveyances.
One of the principles of odious debt is similar to what's called fraudulent conveyance in the United States.
In the real world, it gets called fraudulent conveyance.
on Florida Forged Deeds: Foreclosure REO Properties Tempting Target for Fraudulent Conveyance of Homes to Innocent Buyers Via Fake Deeds
If you «sell» a home worth $ 1 million to your Uncle Joe for just $ 1 dollar because a creditor is breathing down your neck, you've likely triggered state and federal fraudulent conveyance statutes.
This was the first of many pieces arguing against fraudulent conveyance, which was attempted, but thwarted in the courts.
Won dismissal of fraudulent conveyance litigation against a major financial institution in an influential decision affirmed by the U.S. Court of Appeals for the Third Circuit
Represented judgment creditors in federal fraudulent conveyance action arising out of $ 28.5 million federal judgment
It seems that Connie Lee will be a subsidiary of Ambac Assurance, so fraudulent conveyance issues are probably dead.
Leading litigator for Citibank in connection with the Chapter 11 bankruptcy of LyondellBasell, the world's third - largest chemical company, including in the multibillion dollar fraudulent conveyance lawsuit brought against Citibank and other lenders by unsecured creditors
He found that trying the cases for the injuries and for the alleged fraudulent conveyance together would avoid a multiplicity of proceedings.
These enforcement procedures include: Examination in Aid of Execution, Garnishment, Seizure and Sale, Sequestration, Writ of Possession, Freezing Assets After Judgment and Setting Aside Fraudulent Conveyances.
Most Ponzi schemes come to court after the scheme has collapsed and the creditors seek recovery under bankruptcy legislation or provincial legislation dealing with fraudulent conveyances or preferences.
Beyond that, any plan that creates a good company / bad company should be doomed, because it essentially becomes government sponsored fraudulent conveyance, where valuable assets that the bondholders were relying on disappear.
Neal's business litigation experience has included the successful trial and arbitration of cases involving a broad spectrum of issues, including but not limited to the Uniform Commercial Code, «lender liability» law, fraudulent conveyance avoidance, preference avoidance, partnership disputes, state and federal securities law issues, business torts, and contract law.
In addition, they discussed actual and constructive fraudulent conveyance basics and due diligence steps to head off these potentially dangerous post-closing challenges.
It discusses actions to rescind fraudulent conveyance, actions for common - law fraud, actions for conspiracy and breach of fiduciary duty, and actions for conversion of property awarded to the other spouse.
Our attorneys are experienced in filing adversary actions, challenging the dischargeability of debts, and uncovering fraudulent conveyances.
Debtors use fraudulent conveyances, hidden assets, bankruptcy legislation and sometimes downright lies to keep their assets out of the clutches of their current and prospective creditors.
Two were family law cases, one involving an attack on fraudulent conveyances perpetrated by a husband who owed support and equalization payments.
Fraudulent Conveyance Act and Spouses Mawdsley v Meshen 2012 BCCA 91 is a case where the husband contested the BC will of his wife under the Wills Variation act of British Columbia.
A large portion of Russia's international debts to commercial banks may be annulled under the U.S. laws of fraudulent conveyance.
The banks could force repayment, and if I were a leading bondholder (calling the major life insurers), I would have one of my lawyers make a courtesy call to MBIA's lawyers, and suggest that any payment of bonuses could be viewed as fraudulent conveyance.
Comments Off on Florida Forged Deeds: Foreclosure REO Properties Tempting Target for Fraudulent Conveyance of Homes to Innocent Buyers Via Fake Deeds Tags: Florida Law, Florida Real Estate, Foreclosure defense attorney, Quiet Title, Title Insurance
Representing UBS as lead agent on the $ 8bn contested DIP financing in Lyondell Chemical Company's Chapter 11 case, and as defendant in a $ 1.6 bn fraudulent conveyance litigation arising out of the Lyondell / Basell merger.
San Francisco Partner Meryl Macklin and Los Angeles Partner Sharon Weiss and Counsel Rosario Vizzie hosted a webinar Dec. 7 on the litigation bankruptcy and fraudulent conveyance issues in M&A deals.
(Covenants work a lot better than fraudulent conveyance lawsuits, etc....)
We commence legal proceedings for the debt, sometimes seeking to set aside fraudulent conveyance, assignment or preference.
In many other situations this would be called fraudulent conveyance, but when you have a state government behind you, I guess it gets called public policy.
Other important facets of debt investments include any covenants required of the debtor, events of default, recourse, prepayment provisions, fraudulent conveyance, underlying security, and many others.
You have to have a fraudulent conveyance law to prevent predatory loans enabling a bank to say, «Okay, here's an interest only loan.
Granted, a case could be made for fraudulent conveyance, but try proving that in the courts against the private buyers» legal team.
The main reason for that is that few people ever experience a fraudulent conveyance of a title to a property.
Not only will that not be the case, your Chapter 7 discharge could be denied and the transferee sued to undo what's considered to be a fraudulent conveyance.
The transfer may be considered a fraudulent conveyance.
It is a simple issue of fraudulent conveyance.
Even a gift could be a fraudulent conveyance if you were insolvent at the time of the transfer.
Sometimes it is referred to as a «fraudulent conveyance».
I also doubt that Chevrolet could be spun off without a fraudulent conveyance suit from the senior bondholders.
[13] The applicants took the position that by seeking to enforce the collateral mortgages, 231 and the Waltons were attempting «to make 14 College Street and 66 Gerrard liable for mortgages that were granted without consideration to the corporate owners», and the applicants sought to declare both charges void as against them and others pursuant to section 2 of the Fraudulent Conveyances Act.
Mr. Myrtetus also has experience in commercial litigation matters including forfeiture proceedings, fraudulent conveyances, boundary line disputes, partition, construction disputes, and related claims.
Any ethical practitioner knows that you must be careful that your client does not engage in fraudulent conveyances.