Adkisson's Voidable Transactions - previously known as - Fraudulent Transfers

Caution state

law variances!

Resources

This page contains various resources which may be helpful in understanding the Uniform Voidable Transactions Act and its predecessors generally, and particular issues more specifically.

Articles

Kenneth C. Kettering (UVTA Official Reporter)

  • Kettering, Kenneth C., Codifying a Choice of Law Rule for Fraudulent Transfer: A Memorandum to the Uniform Law Commission (July 1, 2011). American Bankruptcy Institute Law Review, Vol. 19, pp. 319-359, 2011. Available at SSRN: https://ssrn.com/abstract=1920512

 

  • Kettering, Kenneth C., The Uniform Voidable Transactions Act; or, the 2014 Amendments to the Uniform Fraudulent Transfer Act (November 27, 2014). Business Lawyer, Vol. 70, pp. 777-834, 2015. Available at SSRN: https://ssrn.com/abstract=2541949 or http://dx.doi.org/10.2139/ssrn.2541949

 

  • Kettering, Kenneth C., Securitization and Its Discontents: The Dynamics of Financial Product Development (August 1, 2007). Cardozo Law Review, Vol. 29, pp. 1553-1728, 2008. Available at SSRN: https://ssrn.com/abstract=1012937

 

Past Articles by Jay D. Adkisson

(American Bar Association Adviser to UVTA) {Forbes.com Articles}

 

  • 2017.03.15 ... The UVTA Baedeker: Introduction To The UVTA
  • 2017.03.18 ... The UVTA Baedeker: The Language Of The UVTA
  • 2017.03.25 ... The UVTA Baedeker: Is The Transaction Voidable?
  • 2017.04.01 ... The UVTA Baedeker: Can The Transferee Assert A Defense?
  • 2017.04.08 ... The UVTA Baedeker: What Remedies Are Available To The Creditor?
  • 2017.04.09 ... The UVTA Baedeker: Sundry Other Points Of Interest
  • 2017.01.18 ... Fraudulent Transfer Law Trumps Tenancy By The Entireties In Knoll
  • 2016.9.30 ... The Silver Lining In The IRS's Proposed Rule Changes For Valuation Discounts
  • 2016.9.10 ... The 10-Year Lookback for Tax Liability Overrides State Fraudulent Transfer Law In Kipnis
  • 2016.8.22 … Sacred Heart University Dodges Fraudulent Transfer Claim For Tuition Paid In Palladino0
  • 2016.8.14 … Fraudulent Transfers Into An ERISA Plan Can Be Unwound Despite The ERISA Protections
  • 2016.7.30 … Fraudulent Transfer Defeats Tenancy By The Entireties Protection Of Sarasota Home In Major
  • 2016.7.29 … Blixseth Loses On Marital Settlement Agreement and Fraudulent Transfers
  • 2016.5.21 … Actual Fraud Includes Fraudulent Transfers In Bankruptcy Says Sotomayor
  • 2016.4.7 … The Golf Channel Gets The Answer It Wants From The Texas Supreme Court
  • 2016.3.25 … Estate Planners: Worry Not About The Uniform Voidable Transactions Act
  • 2016.1.30 … Fraudulent Transfers In Hypnotic Taxi
  • 2015.11.27 ... Silver Bars and Fraudulent Transfers in Rego Group
  • 2015.11.22 ... U.S. Jurisdictions That Criminalize Fraudulent Transfers
  • 2015.11.16 ... Attorney's Fees Deemed To Constitute Reasonably Equivalent Value In Magnum Steel
  • 2015.9.30 ... Minnesota Attorney Suspended For Assisting With A Fraudulent Transfer In Sheehan
  • 2015.8.22 ... Son of BOSS Leads To A Divorce And Fraudulent Transfer Troubles In Baker
  • 2015.7.29 ... Cevdet Aksut -- Fraudulent Transfer Means Civil Conspiracy And Civil RICO Claims Against Law Firm
  • 2015.7.27 ... The Fifth Circuit Declares A Mulligan In The Golf Channel "Innocent Transferee" Case
  • 2015.6.19 ... Kettering Article On The UVTA, er, UFTA-2014, Provides The Definitive Guide To Changes
  • 2015.5.27 ... Kekonas' Punitive Damages Award For Fraudulent Transfers Gets Bigger On Appeal
  • 2015.4.26 ... The Fraudulent Transfer Laws Do Indeed Apply To Future Creditors
  • 2015.4.2 ... Nevada Supreme Court's Fraudulent Transfer Ruling Keeps Innocent Law Firm Out Of The Woods
  • 2015.3.31 ... The Common But False Myth Of The Asset-For-LLC Interest Exchange In Asset Protection Planning
  • 2015.3.17 ... The Fifth Circuit Slices The Golf Channel Into The Pond
  • 2015.3.14 ... Medici Gambles At The Venetian But It Is The Venetian Who Gets Played
  • 2015.1.16 ... Debtor's Pre-Petition Transfers Result In Denial Of Discharge In Drumm
  • 2014.11.18 ... Positive Health Of The Fraudulent Transferee's Good Faith Defense
  • 2014.11.1 ... The Insolvent Debtor - Are Charity And Family Gifts Still Possible?
  • 2014.10.26 ... Living Expenses Of No Utility To Creditors In Schlussel
  • 2014.10.9 ... Dilution Of Corporate Stock As A Fraudulent Transfer In Antonello
  • 2014.8.31 ... The Uniform Voidable Transactions Act – New Section 11 and Series LLCs
  • 2014.7.27 ... The Uniform Voidable Transaction Act And The Shifting Of Burdens
  • 2014.7.22 ... The Uniform Voidable Transactions Act and Conflict of Laws
  • 2014.7.18 ... The Uniform Voidable Transactions Act – What’s With The Name Change?
  • 2014.3.31 ... Iowa Attorney Narrowly Dodges Bar Complaint For Murderer's Fraudulent Transfers
  • 2014.1.22 ... The $867 Dispute Becomes An $883,654 Judgment In Ravet
  • 2014.1.18 ... Attorney's Time Slips Slip Up Post-Judgment Attempts To Defraud Creditors In Frankel
  • 2013.12.19 ... Two Year Suspension For California Attorney Who Engaged In Fraudulent Transfer In Morris
  • 2013.10.30 ... Good Faith Transferees And The Perils Of Third-Party Payers
  • 2013.10.15 ... Hawaiian Fraudulent Transferee Hangs Ten To Punitive Damages
  • 2013.9.23 ... Fraudulent Transfers Trigger Crime-Fraud Exception And $10 Million Punitive Damages In Cutuli
  • 2013.8.30 ... One-Year Vacation From Practice For Attorney Who Fraudulently Transferred Assets
  • 2013.7.2 ... Bankrupt Milwaukee Archdiocese Apparently Caught In Fraudulent Transfer
  • 2013.4.23 ... Fraudulent Transfer Leads To Punitive Damages And Attorney's Fees Equal To Six Times The Amount Of The Underlying Judgment In Renbolt
  • 2013.3.22 ... What The Debtor Received In Return Is Key To Fraudulent Transfer Value Analysis
  • 2013.1.31 ... Existence Of Claim Renders Some Clients Seeking Asset Protection Effectively Dead On Arrival
  • 2013.1.30 ... Interspousal Transfers Without Value To Avoid Personal Guarantee Voided As Fraudulent Transfers In Lilly
  • 2013.1.19 ... Kremen -- Failure To Prove Fraudulent Transfer
  • 2012.12.31 ... Cohen - Lawyer's Transfer Of Wages To Entireties Account Only Partially Protected From Creditor When Fraudulently Transferred
  • 2012.11.29 ... Kilker - Asset Protection Intent In Making Transfers To Protect Against Future Creditors Means Disaster When Creditor Appears
  • 2012.10.31 ... Kenrob Information - The IRS Fights Off Fraudulent Transfer Claim For Debtor S-Corporation's Tax Reimbursements To Shareholders
  • 2012.10.29 ... Elephants and Donkeys Find Unhappiness In Sir Scam-A-Lot's Court
  • 2012.10.20 ... Goldberg - Affidavit of Solvency Allows Asset Protection Attorney To Keep Fees Against Fraudulent Transfer Claim
  • 2012.9.30 ... Pearl -- Transfers to Revocable Trusts Were Not Fraudulent Transfers As To Creditors Of The Settlor
  • 2012.8.29 ... Kendall: Distressed Debtor's Late Transfers Set Aside As Fraudulent Transfers In Bankruptcy
  • 2012.7.31 ... Howrey: When The Sinking Ship Seeks The Cheese Back From The Fleeing Rats
  • 2012.5.8 ... Fraudulent Transfer Leads To Punitive Damages Award In California
  • 2011.12.23 ... Cohen: Temporary Restraining Order Issued Against Those Assisting Debtor With Fraudulent Transfers
  • 2011.10.13 ... The Sad Last Ballad of Jerry Lynn Williams: Divorce Decree Fails To Defeat Fraudulent Transfer Action
  • 2011.9.27 ... Schofield-Johnson: Husband's Failed Attempt To Shield Assets From The IRS By Transferring To Wife Who Transferred To An LLC
  • 2011.9.20 ... Racsko: Bankruptcy Trustee Of Mother Can Invade Her Children's Trust On Fraudulent Transfer Grounds
  • 2011.8.13 ... Dad's Looting Of Corporation By Making Gifts To His Kids Gets Them Caught Up In Fraudulent Transfers

 

UVTA - Logical Organization (Designed For Litigators)

Click here to go to the Voidable Transactions Decision Chart

Overview of UVTA -- The process and result

 

UVTA - Numerical Organization (Confusing & Difficult To Use)

The Uniform Law Commission's complete copy of the UVTA with comments in PDF format is available here. The webpage for the UVTA, showing states that have enacted and much other information regarding the Act is found here.

 

1 - Definitions

(1) Affiliate -- (2) Asset -- (3) Claim -- (4) Creditor -- (5) Debt -- (6) Debtor -- (7) Electronic -- (8) Insider -- (9) Lien -- (10) Organization -- (11) Person -- (12) Property -- (13) Record -- (14) Relative -- (15) Sign -- (16) Transfer -- (17) Valid Lien

2 - Insolvency

3 - Value

4 - Transfer Or Obligation Voidable As To Present Or Future Creditor

(a)(1) {Intent Test} -- (a)(2)(i) {Capitalization Test} -- (a)(2)(ii) Equity-Sense Insolvency Test

(b) {Badges of Fraud}

5 - Transfer or Obligation Voidable As To Present Creditor

(a) {Insolvency Test} -- (b) {Insider Preference Test}

6 - When Transfer Is Made Or Obligation Is Incurred

7 - Remedies Of Creditor

8 - Defenses, Liability, And Protection Of Transferee Or Obligee

{Main Provisions} -- (b) and (c) {Money Judgment}

9 - Extinguishment Of Claim For Relief

10 - Governing Law

11 - Application To Series Organization

12 - Supplementary Provisions

13 - Uniformity Of Application And Construction

14 - Relation To Electronic Signatures In Global And National Commerce

15 - Short Title

16 - Repeals; Conforming Amendment

 

 

Other Websites By Jay Adkisson

© 2017 Jay D. Adkisson. All rights reserved. No claim to government works or the works of the Uniform Law Commission. The information contained in this website is for general educational purposes only, does not constitute any legal advice or opinion, and should not be relied upon in relation to particular cases. Use this information at your own peril; it is no substitute for the legal advice or opinion of an attorney licensed to practice law in the appropriate jurisdiction.  This site http://www.voidabletransactions.com Contact: jay [at] jayadkisson.com or by phone to 949-200-7773 or by fax to 877-698-0678.