Sentences with phrase «fraudulently transferred assets»

However, if the courts find that an individual concealed money or other assets, fraudulently transferred assets that should have been used to pay off debts, or otherwise broke the law, the entire bankruptcy case may be denied.

We then took steps to amend the Statement of Claim to allege that the conveyance was void under section 2 of the Fraudulent Conveyances Act and that the Plaintiff was entitled to punitive damages for the defendant's attempt to fraudulently transfer his assets to avoid judgment.

Not exact matches

Alternately, if assets are transferred to an ex-spouse as part of a Family Court Order or legal separation agreement before you file for bankruptcy (assuming not done fraudulently) then these assets are no longer available for your creditors in the bankruptcy.