When trying to collect judgments in California, creditors often learn that debtors have fraudulently transferred assets to their spouses, relatives, trusts, and business entities. Creditors should understand the remedies available to them in dealing with fraudulent transfers. In California, any person who assists a debtor in concealing assets from a creditor may be liable both civilly and criminally. Under the Uniform Voidable Transactions Act, a transfer of property to a third person made with intent to prevent a creditor from reaching and satisfying his or her claim to judgment is avoidable. ...
- Posted by Michael Wallin
- Judgment Collection