The Uniform Fraudulent Transfer Act (UFTA) is a uniform law that was adopted by all 50 states in the United States. It is designed to protect creditors from debtors who fraudulently transfer assets in order to avoid paying their debts. The UFTA sets out the rights and
A fraudulent conveyance or fraudulent transfer is the transfer of property to another party to prevent, hinder, or delay the collection of a debt owed by or incumbent on the party making the transfer, sometimes by rendering the transferring party insolvent. It is generally treated as a civil cause of action that arises in debtor/creditor relations, typically brought by creditors or by bankruptcy trustees against insolvent debtors, but in some jurisdictions there is potential for criminal prosecution.