Types of Fraudulent Transfers That Can Be Set Aside Under Illinois Law

By Andrew R. Schwartz | Published February 22, 2023 | Posted in Complex Litigation | Tagged Tags: fraudulent transfer | Comments Off on Types of Fraudulent Transfers That Can Be Set Aside Under Illinois Law

Debtors commonly engage in fraudulent transfers to avoid paying debts or other obligations by using two related tactics. The first is to dissipate assets; the debtor transfers property to a friendly third party in an effort to keep the assets out of the creditor’s reach. The second tactic is to take on higher priority debt Read More

Spotting the Badges of Fraud Under the Uniform Fraudulent Transfer Act

By Andrew R. Schwartz | Published April 15, 2022 | Posted in Business Law | Tagged Tags: badges of fraud, fraudulent transfer | Comments Off on Spotting the Badges of Fraud Under the Uniform Fraudulent Transfer Act

Winning a lawsuit lets you use court procedures to collect on your judgment. But what if the debtor suddenly claims they don’t have enough money or property to satisfy the debt? The debtor seemed financially healthy until very recently, but now claims poverty. That may signal one or more fraudulent transfers, which are acts of Read More

Types of Fraudulent Transfers That Can Be Set Aside Under Illinois Law

Spotting the Badges of Fraud Under the Uniform Fraudulent Transfer Act

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