If a creditor believes that a debtor has committed a fraudulent transfer, the creditor can pursue various judicial remedies.
Some of these remedies include:
- voiding the asset transfer in question
- garnishment against the transferee/recipient
- attachment against the transferred asset or other property of the transferee
- An injunction against further disposition of assets by the debtor or transferee
- appointment of a Receiver
The Uniform Fraudulent Transfer Act (UFTA) adds weight to the remedies available to creditors. Often the UFTA can serve as a strong deterrent against fraudulent transfers instead of a remedy to be applied after judgment.
If you would like more information about creditors’ rights relating to fraudulent transfers, or if you need assistance from an attorney, contact Windtberg & Zdancewicz to schedule an initial consultation.
The attorneys at Windtberg & Zdancewicz, PLC, provide Arizona residents and businesses with experienced legal representation in all collection matters. We are experienced in creditor’s rights including garnishments, charging orders, attachment, property execution, trustee’s sales, foreclosures, judgments, judgment collection, domestication of foreign judgments, and creditor’s issues in bankruptcy cases. If you need assistance with your collection matters, please contact us at (480) 584-5660.