Financial institutions can mitigate losses by asserting fraudulent conveyance claims
The Great Recession taught us that fraudulent activity increases during economic downturns. With unemployment claims increasing at unprecedented levels and businesses struggling to survive, financial institutions should expect an increase in fraud. One of the most common schemes against a creditor is a fraudulent conveyance. This article discusses the actions that constitute a fraudulent conveyance and the legal remedies creditors have against such conduct.