The trust laws of the Cook Islands provide a shortened statute of limitations on fraudulent transfer claims.
12.
The life insurance money then went to Willey's children in a " fraudulent transfer, " the creditors alleged.
13.
Because the protection is set forth in a federal statute, it will trump any state fraudulent transfer law.
14.
However, when a debtor prefers to pay one creditor instead of another that is not a fraudulent transfer.
15.
To the extent that public shareholders are protected, insiders and secured lenders become the primary targets of fraudulent transfer actions.
16.
Fraudulent transfer liability will often turn on the financial condition of the debtor at a particular point in the past.
17.
There was also debate over payments made to partners during the final months of the firm's operations possibly constituting fraudulent transfers.
18.
The French bank sued Kerkorian in U . S . District Court for the Central District of California for fraudulent transfer.
19.
But last fall, the government said that Bennett was " hiding assets " behind " fraudulent transfers to his wife ."
20.
Both countries are also known for offering asset protection annuities, with a six-month statute of limitations on fraudulent transfers into an annuity.
