fraudulent transfer
fraudulent transfer
A transfer of a debtor's property made with intent to defraud or for which the debtor receives less than the transferred property's value (SA-Bankruptcy.com)

A fraudulent transfer is a transfer of an asset for less than fair value. Fraudulent, in this situation, does not mean that a criminal fraud has occurred. It means only that the transfer has placed the asset out of the reach of the trustee or creditors. This transfer may be avoided (reversed) by the bankruptcy court.
If a debtor, prior to filing bankruptcy, were to sell a $100,000 piece of real estate to a friend for $10, the transfer would probably be a fraudulent transfer. (Bernstein's Dictionary of Bankruptcy Terminology)

A transfer of a debtor's property made with intent to defraud or for which the debtor receives less than the transferred property's value. (BankruptcyAction.com)

United Glossary of Bankruptcy Terms 2012.

fraudulent transfer
A fraudulent transfer is a transfer of an asset for less than fair value. Fraudulent, in this situation, does not mean that a criminal fraud has occurred. It means only that the transfer has placed the asset out of the reach of the trustee or creditors. This transfer may be avoided (reversed) by the bankruptcy court. If a debtor, prior to filing bankruptcy, were to sell a $100,000 piece of real estate to a friend for $10, the transfer would probably be a fraudulent transfer.

US Bankruptcy 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

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  • Uniform Fraudulent Transfer Act — (UFTA) USA A model Act adopted in 1984 to replace the Uniform Fraudulent Conveyance Act (UFCA). The UFTA has been enacted in 44 jurisdictions, including Delaware. While there are certain differences, both the UFTA and the UFCA share the same… …   Law dictionary

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  • fraudulent — fraud·u·lent adj: characterized by, based on, or done by fraud compare deceptive, false, misleading fraud·u·lent·ly adv Merriam Webster’s Dictionary of Law. M …   Law dictionary

  • Fraudulent conveyance — A fraudulent conveyance, also 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… …   Wikipedia

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