Sentences with phrase «fraudulent transfer»
A "fraudulent transfer" refers to an act of moving or giving away assets or money with the purpose of hiding them from creditors or avoiding debt repayments. It usually involves deception or dishonesty, and it is considered illegal because it impairs the ability of creditors to collect what they are owed. Full definition
It can also protect the owners from claims of fraudulent transfer from its creditors.
jclawgroup.com
The court wants to avoid fraudulent transfers — ways of getting money out of the bankruptcy estate in order to keep it safe from creditors.
He has represented numerous clients in significant bankruptcy litigation matters including multi-million dollar preference and fraudulent transfer cases.
In a related action, PSW represents the liquidating trustee of Mortgage Fund»08 asserting clawback claims for fraudulent transfers of MF»08 funds to persons who were not MF»08 investors.
Steven J. Boyajian's article «Reconsidering the Uniformity of Uniform Fraudulent Transfer Act» was featured in the April 2014 issue of the American Bankruptcy Institute Journal.
Won summary judgment dismissing a Texas Uniform Fraudulent Transfer Act suit filed against a Texas - based, public accounting and advisory services company in which the plaintiff alleged our client was the wrongful recipient of over $ 1.8 million worth of client information and company goodwill.
Lead litigation counsel to JPMorgan Chase in connection with the Chapter 11 restructuring of the Tribune Company, including disputes with unsecured creditors concerning claims for fraudulent transfer.
Brokers involved in selling either personal or business real estate for such owners need to be certain that they don't get involved in fraudulent transfers where assets are sold at much less than market value to avoid possible seizure.
Jon also assists buyers, sellers, and lenders in transactions, frequently involving distressed situations and in offensive and defensive litigation involving fraudulent transfer statutes under state law and the Bankruptcy Code.
Defended a corporation against potential fraudulent transfer claims while resolving the matter with chapter 7 trustee, resulting in the quieting of title of the client's apartment complex and ability to sell same.
He handles collection matters in state and federal courts, including stay relief and adversary proceedings in bankruptcy, as well as fraudulent transfer, nondischargability, and avoidance claims.
Obtained jury verdict in favor of creditor on fraudulent transfer of property worth approximately $ 5 million
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They discussed termination in bankruptcy or ipso facto clauses, waiver of automatic stay provisions, and potential fraudulent transfer challenges.
Wrongful death claim by family against tortfeasor involving alleged fraudulent transfer of assets
Thompson Hine's Business Restructuring, Creditors» Rights & Bankruptcy practice group, Commercial & Public Finance practice group, and Real Estate practice group are equipped to assist lenders in structuring financing transactions to enhance protections against preference and fraudulent transfer liabilities that may arise after a borrower goes into distress.
Clients turn to us for representation in commercial and bankruptcy related litigation including fraudulent transfer, preference, breach of fiduciary duty, deepening insolvency and corporate governance issues.
Counsel to defendant in fraudulent transfer suit attempting to set aside the sale of companies for more than $ 1 billion
Florida law, and the law of most states, imposes a four year statute of limitations on a creditor's allegations of fraudulent transfers under the fraudulent conveyance statute.
Transferring assets to a third party to put them out of the reach of your creditors may be an avoidable fraudulent transfer.
Just do be careful as Chase's internal controls for preventing fraudulent transfers can be sophisticated.
Serves on the defendants» Executive Committee in the post-bankruptcy, multibillion dollar fraudulent transfer litigation pending in federal court New York.
Successfully represented client to resolve alleged fraudulent transfer action commenced by Federal Receiver.
Here is a standout article about «Fraudulent Transfer Statute of Limitations in Collection of Criminal Restitution.»
Providence lawyer Steven J. Boyajian wrote the article «Continued Disagreement: Use of Federal Debt Collection Laws to Expand Fraudulent Transfer Look - Back Periods,» featured in the March 2015 issue of the American Bankruptcy Institute Journal.
Cases include quiet title actions, boundary disputes, employment cases, including discrimination, breach of restrictive covenants, and theft of trade secrets, contract issues, including collection work, and bankruptcy litigation, specifically fraudulent transfer and preferential transfer claims.
«Fraudulent Transfer Attacks on Guaranties in Bankruptcy,» The American Bankruptcy Law Journal, 60 Am.
Diakoumakis has successfully defended multimillion dollar preference and fraudulent transfer lawsuits on behalf of creditors in various industries in multiple jurisdictions throughout the nation.
With respect to corporate litigation, Dan has represented corporations and senior executives against claims of fraud, RICO, breach of contract, breach of fiduciary duty, and fraudulent transfer claims.With respect to white collar criminal defense matters, Dan has represented large companies, corporate executives and other individuals in cases of mail fraud, tax fraud, bank fraud, violations of the Food, Drug, and Cosmetic Act, in addition to other complex crimes.
ConocoPhillips has sued the Venezuelan government concerning asset dumps before the Delaware Uniform Fraudulent Transfer Act.
In todays episode we discuss the applicability of the Minnesota Uniform Fraudulent Transfers Act to marital dissolution proceedings and explore how and when a court might look at how the division of assets and debts might appear to be an attempt to...
Thompson Hine's Business Restructuring, Creditors» Rights & Bankruptcy and Commercial & Public Finance practice groups assist lenders in structuring financing transactions in a manner designed to enhance protections against preference and fraudulent transfer liabilities that may arise after a borrower goes into distress.
Eversheds Sutherland has decades of experience in the litigation that often arises between creditors and debtors, including fraudulent transfer, lien priority, preference and Chapter 11 litigation.
Consumers can confidently use Online or Mobile Banking because we guarantee that you will not be liable for fraudulent transfers or bill pay transactions *, we will help keep your financial information safe and we will process your payments based on your online or mobile banking instructions.
Obtained client's dismissal without payment, through negotiations before any appearance in litigation, of fraudulent transfer claims brought in Bankruptcy Court against a foreign media design company, avoiding potentially substantial fees and costs.
We have an outstanding record of success in pursuing or defending against litigation in virtually every aspect of distressed investing, including breach of fiduciary claims, preference and fraudulent transfer litigation, subordination disputes, intercreditor fights, and litigation over substantive consolidation and enterprise or asset valuation.
He has particular experience in cases involving representations and warranties in stock purchase agreements, accountant liability, fraudulent transfers of assets, misappropriation of trade secrets, and interference with contractual relations.
SWIFT said that the scheme involved altering SWIFT software on the bank's computers to hide evidence of fraudulent transfers.
Asian banks, located in China and Hong Kong, are the most commonly reported ending destination for these fraudulent transfers.
Presenting the certified photocopies of various bank drafts in court to prove the fraudulent transfers, Sunday, said: «In the course of our investigations we found out that the origin of the various money credited to Ebenezer Ratnen Ventures with Diamond Bank (then Lion Bank), was from the office of the state's Accountant General.»
Failure Begets Success Family Farmer / Fisherman Financial Fatigue First Foreclosure Foreclosure Forgiveness of Debt Forms Fraudulent Transfer Fraudulent Transfer * Free Consultation Fresh Start Fresh start Future Flow Agreement
A fraudulent transfer can basically be defined as transferring property out of your name to delay or defraud a creditor.
Quitclaim Deed Deemed a Fraudulent Transfer by California District Court, Los Angeles Bankruptcy Lawyer Blawg, November 26, 2013
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If you don't get what it is worth and you give someone a sweetheart deal, it is probably a fraudulent transfer.
They could have recovered the 4.5 m as a fraudulent transfer, in the manner you suggest.