By Andrew R. Schwartz | Published March 17, 2021 | Posted in Debtor & Creditor | Tagged Tags: Fraudulent Transfers, insider, Uniform Fraudulent Transfer Act | Comments Off on Setting Aside Fraudulent Transfers to Collect Money You Are Due
When someone who owes you money frustrates your efforts to collect by suddenly becoming cash poor, they may have committed a fraudulent transfer. This occurs when a debtor moves non-exempt assets to another person or entity to shield them from legitimate creditors. Fortunately, a remedy exists. Illinois’ Uniform Fraudulent Transfer Act (IUFTA) lets creditors file Read More
Read More