Fraudulent transfer (fraudulent conveyance)
Definition
A transfer of assets made with intent to hinder, delay, or defraud creditors, or made for less than reasonably equivalent value while the debtor was insolvent. Both actual fraud (intent-based) and constructive fraud (value and insolvency-based) can be reversed.
Related terms
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- An independent investigator appointed by the court in a bankruptcy case to investigate specific matters such as fraud or mismanagement. Unlike a...
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- A lawsuit brought by the trustee to recover assets or payments that left the estate before bankruptcy. The trustee's avoidance powers are...
- Ponzi-scheme insolvency
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- Preference payment
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- UNCITRAL Model Law
- The UNCITRAL Model Law on Cross-Border Insolvency (1997), a template for coordinating insolvency proceedings across borders. Countries that adopt it (including the...
Explained in
- Bankruptcy and Insolvency FraudA transfer of assets made with intent to hinder, delay, or defraud creditors, or made for less than reasonably equivalent value while the debtor was insolvent....