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)
“Writing [for the novelist] is not an activity, but a condition. That is why one simply can’t resume the work when one has a job and a free half-day. Reading is the conveyance of this condition.”
—Robert Musil (1880–1942)