Fraudulent Conveyance
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A fraudulent conveyance, or fraudulent transfer, is a civil cause of action. It arises in debtor/creditor relations, particularly with reference to insolvent debtors. The cause of action is typically brought by creditors or by bankruptcy trustees. The typical fact situation involves a debtor who as part of an asset protection scheme donates his assets, usually to an "insider", and leaves himself nothing to pay his creditors. However, it is not uncommon to see fraudulent conveyance applications in relation to good-faith transfers, where the debtor has simply been more generous than they should have or, in business transactions, the business should have ceased trading earlier to avoid giving certain business creditors an unfair preference (see generally, wrongful trading). In a successful suit, the plaintiff is entitled to recover the property transferred or its value from the transferee who has received a gift of the debtor''s assets.
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GarantieWeitere Informationen
- Allgemeine Informationen
- GTIN 09786131701849
- Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
- Größe H220mm x B220mm
- EAN 9786131701849
- Format Kartonierter Einband
- Titel Fraudulent Conveyance
- Herausgeber Alphascript Publishing
- Anzahl Seiten 116
- Genre Wirtschaft
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