☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Fraudulent Transfer

A transfer of property made with the intent to hinder, delay, or defraud creditors — or made for less than reasonably equivalent value while the debtor was insolvent. May be avoided (reversed) by the bankruptcy trustee.

Category: Bankruptcy · Source: 11 U.S.C. §548
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