custom made uniform fraudulent transfer act

AMENDMENTS TO UNIFORM FRAUDULENT TRANSFER ACT

DRAFTING COMMITTEE ON AMENDMENTS TO UNIFORM FRAUDULENT TRANSFER ACT The Committee appointed by and representing the National Conference of Commissioners on Uniform State Laws in preparing this Act consists of the following individuals: EDWIN E. SMITH, 1 Federal St., 15th Floor, Boston, MA, 02110-1726, Chair

Read More

SB 458 - Uniform Fraudulent Transfer Act - Florida ...

SB 458 - Uniform Fraudulent Transfer Act Share | Overview. To protect nonprofit organizations that receive charitable contributions in good faith from donors engaged in fraudulent activity. Read more at Our Position. Support. Bill Number. SB 458. Introduced By.

Read More

AVOIDING FRAUDULENT TRANSFERS - Vedder Price

2. Most states' fraudulent transfer statutes are modeled either after the niform Fraudulent Conveyance Act ("UFCA") or Uniform FraudulentU Transfer Act ("UFTA"), which are closely related to the analysis under Section 548 of the Bankruptcy Code. III. LEVERAGED BUYOUTS AS FRAUDULENT TRANSFERS

Read More

custom made uniform fraudulent transfer act

USA01-#11046975-v2-Fraudulent Conveyance Basics … California's Uniform Fraudulent Transfers Act ("UFTA") has long set forth the legal ... transfer made or obligation incurred by a debtor if the debtor made the transfer "[w]ithout receiving a reasonably equivalent value in exchange for the transfer or obligation, and the

Read More

CHAPTER 2. UNIFORM FRAUDULENT TRANSFER ACT :: 2012 …

UNIFORM FRAUDULENT TRANSFER ACT IC 32-18-2 Chapter 2. Uniform Fraudulent Transfer Act IC 32-18-2-0.2 Application of prior law to transfers and obligations Sec. 0.2. To the extent applicable, the following statutes (before their repeal by P.L.144-1994) apply to a transfer made or an obligation incurred before July 1, 1994:

Read More

Uniform Voidable Transactions Act Approved by Uniform Law ...

On July 16, 2014, the Uniform Law Commission (the "Commission") approved a series of amendments to the Uniform Fraudulent Transfer Act (the "UFTA"), which is currently in force in 43 states (all states except Alaska, Kentucky, Louisiana, Maryland, New York, South Carolina, and ia). The substance of the principal amendments is aptly described in the change of …

Read More

Fraudulent Transfer 101: What You Need To Know About UFTA ...

In those cases, the creditor has a powerful set of remedies against the debtor and the subsequent transferees under the Uniform Fraudulent Transfer Act ("UFTA"). All creditors should have a basic understanding of their rights and remedies when a debtor engages in fraudulent transfers to avoid collection.

Read More

Uniform Fraudulent Transfer Act (UFTA) Protects You ...

"The purpose of the Uniform Fraudulent Transfer Act is to prevent fraudulent transfers of property by a debtor who intends to defraud creditors by placing assets beyond their reach." Zurich American Insurance Co. v. Personnel Staffing Group, LLC, 2018 IL App (1st) 172281, ¶18, 105 N.E.3d 979, 423 Ill.Dec. 571. See also Harris Bank St. Charles v.

Read More

CHAPTER 1. UNIFORM FRAUDULENT TRANSFER ACT - Sections …

(a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor's claim arose before or after the transfer was made or the obligation was incurred, if the debtor made the transfer or incurred the obligation as follows: (1) With actual intent to hinder, delay, or defraud any creditor of the debtor.

Read More

Bill Summaries: S123 UNIFORM FRAUDULENT TRANSFER ACT ...

Amends the title of GS Chapter 39, Article 3A to read "Uniform Voidable Transactions Act" (was, Uniform Fraudulent Transfer Act). Amends GS 39-23.1, the definitions section for the above act, making technical and clarifying changes. Also adds new terms and definitions to the section, including electronic, organization, record, and sign.

Read More

Uniform Fraudulent Transfer Act (UFTA) - Fraud Conference

SECTION 5(a): A transfer made is fraudulent (as to a creditor whose claim arose before the transfer) if the debtor made the transfer without receiving reasonably equivalent value in exchange and the debtor was insolvent at that time or the debtor became insolvent as a result of the transfer or obligation. 12

Read More

USA01-#11046975-v2-Fraudulent Conveyance Basics and ...

California's Uniform Fraudulent Transfers Act ("UFTA") has long set forth the legal ... transfer made or obligation incurred by a debtor if the debtor made the transfer "[w]ithout receiving a reasonably equivalent value in exchange for the transfer or obligation, and the

Read More

What You Need to Know About the Uniform Voidable ...

This entry was posted in Distressed Assets & Alternative Investments and tagged Fraudulent Transfer, National Conference of Commissioners on Uniform State Laws ("NCCUSL"), Uniform Fraudulent Transfer Act ("UFTA"), Uniform Voidable Transactions Act ("UVTA"), voidable transaction. Bookmark the permalink. Post navigation

Read More

Punitive Damages Under Uniform Fraudulent Transfer Act

This statute is commonly referred to as the Pennsylvania Uniform Fraudulent Transfer Act ("PUFTA"). See, 12 Pa.C.S.A. § 5101 et. seq. Many creditors are already aware of the relative benefits and remedies that the PUFTA permits a creditor to pursue, and this article will not explore the more well-known aspects of this statute, or the background regarding how the …

Read More

UNIFORM FRAUDULENT TRANSFER ACT

UNIFORM FRAUDULENT TRANSFER ACT (2014) The Committee appointed by and representing the National Conference of Commissioners on Uniform State Laws in preparing this Act consists of the following individuals: EDWIN E. SMITH, 1 Federal St., 15th Floor, Boston, MA, 02110-1726, Chair

Read More

UNIFORM FRAUDULENT TRANSFER ACT

UNIFORM FRAUDULENT TRANSFER ACT (2014) The Committee appointed by and representing the National Conference of Commissioners on Uniform State Laws in preparing this Act consists of the following individuals: EDWIN E. SMITH, 1 Federal St., 15th Floor, Boston, MA, 02110-1726, Chair JOHN MICHAEL BRASSY, P.O. Box 2110, Boise, ID 83701-2110

Read More

UNIFORM VOIDABLE TRANSACTIONS ACT

TRANSACTIONS ACT (FORMERLY UNIFORM FRAUDULENT TRANSFER ACT) The Committee appointed by and representing the National Conference of Commissioners on Uniform State Laws in preparing this Act consists of the following individuals: EDWIN E. SMITH, 1 Federal St., 15th Floor, Boston, MA, 02110-1726, Chair

Read More

Statute of Limitations on Fraudulent Conveyance Lookback ...

Under the Uniform Fraudulent Transfer Act (UFTA) adopted by many states a fraudulent transfer is a civil, not a criminal matter.In fact, the Uniform Voidable Transactions Act was recently accepted by the Uniform Law Commission as the successor to the Uniform Fraudulent Transfer Act, which replaces "fraudulent" with "voidable" in the title and body of the act.

Read More