Sentences with phrase «fraudulent conveyance statutes»
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.
The British Columbia FraudulentConveyance 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.