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.
Read more about Fraudulent Conveyance: Overview
Famous quotes containing the words fraudulent and/or conveyance:
“It is told that some divorcees, elated by their freedom, pause on leaving the courthouse to kiss a front pillar, or even walk to the Truckee to hurl their wedding rings into the river; but boys who recover the rings declare they are of the dime-store variety, and accuse the throwers of fraudulent practices.”
—Administration in the State of Neva, U.S. public relief program. Nevada: A Guide to the Silver State (The WPA Guide to Nevada)
“The essence of acting is the conveyance of truth through the medium of the actor’s mind and person. The science of acting deals with the perfecting of that medium.”
—Minnie Maddern Fiske (1865–1932)