Fraudulent conveyance

Definition - Noun
: a conveyance of property made for the purpose of rendering the property unavailable for satisfaction of a debt or otherwise hindering or defeating the rights of creditors
specif
: a conveyance of property that is made in return for inadequate consideration by one who is insolvent or who is rendered insolvent, undercapitalized, or unable to pay his or her debts as a result of the conveyance or that is made with the intent of hindering, delaying, or defrauding his or her creditors
compare preference
A fraudulent conveyance is generally voidable by a court or, in a bankruptcy case, by the trustee in bankruptcy.



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Based on Merriam-Webster's Dictionary of Law ©2001.
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in personam jurisdiction

the jurisdiction granted a court over persons before it that allows the court to issue a binding judgment


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