The Uniform Fraudulent Transfer Act (UFTA) is a federal law that provides a uniform set of rules for states to use when dealing with fraudulent transfers of property. The law defines what constitutes a fraudulent transfer and outlines the remedies available to creditors when a fraudulent transfer has taken place. The U
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.