Are asset protection trusts effective in shielding judgment debtors from creditors?

Taken from International Asset Protection Planning: The debtor’s dilemma – planning for and protecting against future judgments
Virtual Round Table Series, December 2016: Private Client Working Group

Asset protection trusts (APTs) are effective if a debtor is entering into a risky business transaction and wants to protect existing assets from a possible future debtor judgment, but if funds are transferred after debt is acquired, it may fall foul of fraudulent transfer rules.