Can a transfer be deemed fraudulent if a third party transfered the debtors assets before a ch.11 bankruptcy?

Nov 29th, 2011
Leave a comment

Question by Steve M: Can a transfer be deemed fraudulent if a third party transfered the debtors assets before a ch.11 bankruptcy?
I’m referring to Fraudulent Conveyance under chapter 11 bankruptcy law in the event that a third party (someone other than the debtor) transferred assets owned by the debtor within 1 year of the bankruptcy filing.

Best answer:

Answer by Charles B
HARD to prove

Know better? Leave your own answer in the comments!

Tags: , , , , , , , , , ,
  1. swagtastic
    Nov 29th, 2011 at 11:39
    Quote | #1

    yes

  2. Pat
    Nov 29th, 2011 at 12:33
    Quote | #2

    How can a 3rd party transfer assets that they don’t own?

    And the law probably contains a time limit.
    If the transfer was outside the time limit, then no.
    If it was within the limit, then does the 3rd party have the authority to make the transfer?

Comments are closed.