MLchartDataset catalogue

Fraudulent conveyance

Term · Law · MLC-T-LAW-002226

A transfer of property or assets made by a debtor with the intent to hinder, delay, or defraud creditors, or for less than reasonably equivalent value while the debtor is insolvent or becomes insolvent as a result. Such a transfer can be set aside by a court, allowing creditors to recover the assets. This concept is codified in the Uniform Fraudulent Transfer Act.

Table 1. Record
IdentifierMLC-T-LAW-002226
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002226",
  "term": "Fraudulent conveyance",
  "field": "Law",
  "definition": "A transfer of property or assets made by a debtor with the intent to hinder, delay, or defraud creditors, or for less than reasonably equivalent value while the debtor is insolvent or becomes insolvent as a result. Such a transfer can be set aside by a court, allowing creditors to recover the assets. This concept is codified in the Uniform Fraudulent Transfer Act.",
  "url": "https://mlchart.com/terminology/law/fraudulent-conveyance/"
}

Record 2,135 of 5,445 in Law terminology (MLC-0107). Request the full dataset.