The Uniform Fraudulent Transfer Act (UFTA) is a federal law that provides uniform standards for state laws governing the transfer of assets in order to protect creditors from fraudulent transfers. The UFTA defines a fraudulent transfer as any transfer of property made with the intent to defraud, hinder,
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.