2017 Soley Ohio Opinion Voidable Transactions And Fraudulent Transfers

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2017 - Ohio - Soley

Soley v. Soley, 2017 Ohio 2817, 82 N.E.3d 43 (Ohio App., May 12, 2017).

 

Court of Appeals of Ohio, Sixth District, Huron County.

 

Robert Stephen SOLEY, Appellee

 

v.

 

Katalin Terezia SOLEY, et al., Appellant

 

No. H–16–021

 

Decided: May 12, 2017

 

*44 Trial Court No. CV 2012 0481.

 

Attorneys and Law Firms

 

Robert W. Gentzel, Norwalk, and James J. Martin, Willard, for appellee.

 

Kathleen M. Amerkhanian, Elyria, for appellant.

 

DECISION AND JUDGMENT

 

JENSEN, P.J.

 

I. Introduction

 

{Para. 1}  Appellant, Katalin Soley, appeals the judgment of the Huron County Court *45 of Common Pleas, adopting the decision of the magistrate, which found that certain real property located in Huron County was appellee's, Robert Soley, separate property. Because we find that the trial court erred in classifying the property, we reverse.

 

A. Facts and Procedural Background

 

{Para. 2}  This is the second time these parties have appeared before this court in this action. In the first appeal, we resolved a dispute concerning Katalin's sale of the Huron County property located at 231 Butler Rd., New London, Ohio. Soley v. Soley, 6th Dist. Huron No. H-13-028, 2014-Ohio-3965, 2014 WL 4514860. In our decision, we recited the relevant facts as follows:

 

Robert and Katalin were married on December 23, 1990. During the course of their marriage, Robert decided to deed a portion of his real property to Katalin in an effort to evade creditors. According to Robert, the property was conveyed to Katalin, free of charge, under a constructive trust in which Katalin was to hold title of the real estate for Robert's benefit and deed the property back to him upon demand.

 

Subsequent to the transfer, Robert and Katalin began experiencing marital difficulties. As a result, Robert recorded an affidavit of dower with the Huron County Recorder on March 30, 2008, evidencing the fact that Katalin was the owner of the property and that he was entitled to a dower interest as her husband. Eventually, the parties separated and divorce proceedings were initiated in Budapest, Hungary, which is where the parties were living at the time. According to a translated judgment entry from the Hungarian court, the parties were ultimately divorced on May 10, 2011. However, the division of the marital assets had not yet occurred. Notably, the court expressly declined to distribute the real property located in Huron County, as the court found that property within the United States was beyond its jurisdiction.

 

Four months after the parties were divorced, but before the Hungarian assets were distributed, Katalin reached an agreement with [Robert and Mary Lou] Harris to sell the real property located in Huron County for $170,000. The property was then transferred to Mr. and Mrs. Harris by warranty deed.

 

Seeking to set aside the conveyance, Robert filed his complaint in the underlying action on June 3, 2012, alleging that the transfer was fraudulent because the property was subject to a constructive trust. Moreover, Robert alleged that Mr. and Mrs. Harris knew or should have known that the property was subject to a constructive trust in Robert's favor. As a result, Robert sought damages in excess of $25,000 and also petitioned the court to set aside the conveyance and restore title to the real estate in his name.

 

On January 7, 2013, [Katalin, along with Mr. and Mrs. Harris,] filed a motion for summary judgment. In their motion, [the movants] argued that Katalin, as the sole owner of the property, lawfully conveyed the property to Mr. and Mrs. Harris. Because the marriage was dissolved prior to the conveyance, [the movants] asserted that Robert had no interest in the property. Further, [the movants] averred that Mr. and Mrs. Harris were bona fide purchasers for value insofar as they were without actual or constructive notice of Robert's claimed interest in the property. As to Robert's constructive trust argument, [the movants] contended that the argument must fail under the statute of frauds because the agreement was not *46 reduced to writing. Finally, [the movants] argued that Robert was not entitled to recover on the basis of any dower interest he may have had in the property, because such interest was extinguished by operation of law as of the date the marriage was dissolved.

 

In response to [the movants'] arguments, Robert argued that the marriage was not dissolved at the time of the conveyance because the marital estate had not been divided by the Hungarian court. Thus, he contended that he possessed a dower interest in the property at the time of the sale. Moreover, Robert noted the fact that the property had not been classified as Katalin's separate property at the time of the sale as the marital assets had not yet been divided. He contended that the property was in fact his own separate property because he owned the property prior to the marriage. In the alternative, Robert claimed that the property would at least amount to marital property, entitling him to a share in the proceeds from its sale. Robert also took issue with [the] argument that the constructive trust must be in writing in order to be enforceable under the statute of frauds. He argued that a constructive trust is unwritten by its very nature. In supporting his arguments, Robert submitted several affidavits. In his own affidavit, he averred that he transferred the property to Katalin "with the specific understanding by both parties that the sole purpose of the transfer was to avoid [his] creditors and that Katalin * * * would deed the property back to [him] upon demand."

 

Upon consideration of the parties' arguments, the trial court issued its decision on July 1, 2013. In its decision, the trial court granted Mr. and Mrs. Harris' motion for summary judgment, thereby quieting title to the property in their name. At this point, Katalin had been dismissed from the action due to service of process issues. When she was later properly served, she renewed her motion for summary judgment, which was granted on December 4, 2013. In granting Katalin's motion for summary judgment, the trial court found that Robert's claim of a constructive trust was barred by the statute of frauds. The court further found that the parties were divorced at the time of the sale and that, as such, Robert's dower interest was extinguished. Robert's timely appeal followed. Soley, 6th Dist. Huron No. H-13-028, 2014-Ohio-3965, 2014 WL 4514860, at Para. 2–8.

 

{Para. 3}  On appeal, we concluded that Robert deeded the Huron County property to Katalin " 'for the sole purpose of placing the property beyond the reach of his creditors.' " Id. at Para. 22. We found no evidence of any wrongdoing in Katalin's acquisition or retention of the property, and thus concluded that the trial court did not err in rejecting Robert's constructive trust argument. Id. However, we found that the matter needed to be remanded to the trial court because a determination as to whether the real property was marital property or separate property had not been made. Id. at Para. 25. We noted that the Hungarian court, in which the divorce proceedings were initiated, expressly declined to exercise jurisdiction over the property. Id. Ultimately, we remanded the matter for "a determination of whether the property is marital or separate, and a concomitant equitable division of the property, if necessary, under R.C. 3105.171(B)." Id.

 

{Para. 4}  On remand, the parties appeared for an evidentiary hearing before a magistrate on the issue of whether the subject property was marital or separate. At the hearing, several individuals testified, including Robert and Katalin. The magistrate issued his decision, in which he concluded *47 that the subject property was Robert's separate property. The magistrate specifically found that Robert's transfer of the property to Katalin did not constitute a gift and therefore did not convert the separate property into marital property. The magistrate determined that Robert did not possess the requisite donative intent when he executed the quitclaim deed for the purpose of avoiding his creditors. Moreover, the magistrate stated that, "because the parcel remained wholly traceable from prior to the Soley marriage until sale to Defendants Harris, the execution of the quitclaim deed conveying [Robert's] interest therein to [Katalin] had absolutely no impact on the separate property characterization of the Butler road property." Consequently, the magistrate found that Robert was entitled to the $85,000 in proceeds from the sale of the property that were being held in escrow, as well as a judgment against Katalin for the remaining $85,000 that she had already received.

 

{Para. 5}  Two weeks after the magistrate issued his decision, Katalin filed objections with the trial court. Upon consideration, the trial court overruled Katalin's objections and adopted the magistrate's decision. In its judgment entry, the court directed the following:

 

1. After expiration of the appeal period following entry of judgment, Attorney Mark Coriell shall be and hereby is directed to disburse the amount of Eighty-five Thousand Dollars ($85,000) to Plaintiff Robert Stephen Soley;

 

2. Judgment shall be and hereby is granted in favor of Plaintiff Robert Stephen Soley and against Defendant Katalin Terzia Soley in the amount of Eighty-five Thousand Dollars ($85,000), together with statutory interest thereon from the date of judgment;

 

3. Any additional costs of these proceedings are assessed to Defendant Katalin Terzia Soley.

 

{Para. 6}  It is from this order that Katalin has timely appealed.

 

B. Assignments of Error

 

{Para. 7}  On appeal, Katalin assigns the following errors for our review:

 

Assignment of Error I: The trial court's order is void as Ohio courts do not have subject matter jurisdiction to make a determination of whether or not property is marital or separate property outside of a divorce or legal separation proceeding.

 

Assignment of Error II: The trial court erred in finding the subject property to be "separate" property in favor of Robert and such a finding constituted an abuse of discretion, plain error, and is against the manifest weight of the evidence.

 

Assignment of Error III: The trial court erred when it determined that the relevant marriage date for purposes of applying O.R.C. 3105.171 was a marriage date that had previously been invalidated as bigamous by the Sixth District Court of Appeals.

 

Assignment of Error IV: The trial court's determination that Katalin Soley was not entitled to a distributive award was an abuse of discretion, plain error, and against the manifest weight of the evidence.

 

II. Analysis

 

A. Subject Matter Jurisdiction Under R.C. 3105.171(B)

 

{Para. 8}  In her first assignment of error, Katalin argues that the trial court's order is void because the court did not possess subject matter jurisdiction to classify the property as marital or separate under R.C. 3105.171(B).

 

*48 {Para. 9}  The question of whether a trial court possesses subject matter jurisdiction is a question of law that we review de novo. WFAL Constr. v. Dir., Ohio Dept. of Job & Family Servs., 10th Dist. Franklin No. 14AP-985, 2015-Ohio-3044, 2015 WL 4576464, Para. 6. The authority to classify property as either marital or separate and subsequently divide the property equitably between spouses is granted to courts under R.C. 3105.171(B). Under that section, courts are vested with such authority in the context of divorce and legal separation proceedings.

 

{Para. 10}  As noted above in our recitation of the facts, this case presents the unique circumstance in which a foreign court has granted the parties a divorce while expressly declining to exercise jurisdiction over a piece of property located in the United States. Given the foreign court's refusal to classify and divide the subject property, Robert brought this action before the trial court in order to set aside Katalin's allegedly improper conveyance of the property. While the action was not styled as a divorce or legal separation proceeding as such, we find that the action was a necessary extension of the property distribution action that was pending before the Hungarian court, and was therefore akin to a divorce or legal separation action under R.C. 3105.171(B). Indeed, the trial court is the only court that would possess subject matter jurisdiction over the subject property in light of the Hungarian court's refusal to exercise such jurisdiction.

 

{Para. 11}  Were we to conclude that the trial court lacks subject matter jurisdiction, we would leave the parties with no venue in which to resolve their dispute as to the classification of the property incident to divorce. We refuse to construe R.C. 3105.171(B) in such a narrow fashion.

 

{Para. 12}  In support of her argument that the trial court lacked subject matter jurisdiction under R.C. 3105.171(B) to classify the property, Katalin cites the decision of the Supreme Court of Ohio in Bolinger v. Bolinger, 49 Ohio St.3d 120, 551 N.E.2d 157 (1990). In that case, the court held that a trial court's subject matter jurisdiction to award permanent alimony and to formulate an equitable division of marital assets under R.C. 3105.011,1 3105.17,2 and 3105.18,3 commences when either party files a complaint for divorce and a division of the marital property. Id. at 123, 551 N.E.2d 157.

 

1

 

R.C. 3105.011 provides:

 

The court of common pleas including divisions of courts of domestic relations, has full equitable powers and jurisdiction appropriate to the determination of all domestic relations matters. This section is not a determination by the general assembly that such equitable powers and jurisdiction do not exist with respect to any such matter.

 

2

 

R.C. 3105.17 states, in relevant part:

 

(A) Either party to the marriage may file a complaint for divorce or for legal separation, and when filed the other may file a counterclaim for divorce or for legal separation. * * * The court of common pleas may grant legal separation on a complaint or counterclaim, regardless of whether the parties are living separately at the time the complaint or counterclaim is filed * * *.

 

3

 

The version of R.C. 3105.18 that was in effect at the time of the court's decision in Bolinger provided, in relevant part:

 

(A) In divorce, dissolution of marriage, or alimony proceedings, the court of common pleas may allow alimony it considers reasonable to either party. The alimony may be allowed in real or personal property, or both, or by decreeing a sum of money, payable either in gross or by installments, as the court considers equitable.

 

{Para. 13}  Notably, Bolinger did not address Katalin's jurisdictional argument under R.C. 3105.171(B) concerning the classification and distribution of property in a divorce or legal separation proceeding. *49 Rather, the court was confronted with the question of whether the trial court was required to retry a divorce action on remand from the court of appeals on the basis that the subject matter jurisdiction of a domestic relations court is "markedly different from that in an alimony-only action." Id. at 121, 551 N.E.2d 157. The Supreme Court of Ohio rejected this argument, finding that the aforementioned statutory sections "make it abundantly clear that the court of common pleas has wide latitude in determining the appropriateness of as well as the amount of alimony, regardless of whether the complaint and counterclaims request alimony only, a divorce, or both a divorce and alimony." Id. at 122, 551 N.E.2d 157. Thus, the court found that the trial court possessed subject matter jurisdiction to award permanent alimony and to formulate an equitable division of the marital assets. Id. at 123, 551 N.E.2d 157.

 

{Para. 14}  Because the court in Bolinger did not address the issue of subject matter jurisdiction under R.C. 3105.171(B), and expressly relied on other statutory sections to support its conclusion that the trial court possessed broad subject matter jurisdiction to award alimony and divide the marital assets, we find that Bolinger is inapposite here.

 

{Para. 15}  In sum, we hold that the trial court possessed subject matter jurisdiction under R.C. 3105.171(B) to comply with our remand instructions to determine whether the property was marital or separate, and, if necessary, equitably divide the property. We recognize the unusual procedural backdrop of this case. Therefore, we stress that this case is limited to its facts and should not be broadly construed.

 

{Para. 16}  Accordingly, Katalin's first assignment of error is not well-taken.

 

B. Classification of the Property

 

{Para. 17}  In her second assignment of error, Katalin argues that the trial court's finding that the subject property was Robert's separate property was against the manifest weight of the evidence.

 

{Para. 18}  "On appeal, a trial court's classification of property as marital or separate is reviewed under a manifest weight standard." Miller v. Miller, 6th Dist. Sandusky No. S-12-035, 2013-Ohio-5071, 2013 WL 6056434, Para. 22. The standard of review for manifest weight is the same in a civil case as in a criminal case. Eastley v. Volkman, 132 Ohio St.3d 328, 2012-Ohio-2179, 972 N.E.2d 517, Para. 17. As such, we must weigh the evidence and all reasonable inferences, consider the credibility of witnesses, and determine whether in resolving conflicts in the evidence, the finder of fact clearly lost its way and created such a manifest miscarriage of justice that the judgment must be reversed and a new trial ordered. Id. at Para. 20. In so doing, "the court of appeals must always be mindful of the presumption in favor of the finder of fact." Id. at Para. 21.

 

{Para. 19}  Under R.C. 3105.171(A)(6)(a)(ii), any real or personal property that was acquired by one spouse prior to the date of the marriage is considered separate property. However, separate property can be converted to marital property if one spouse grants an interest in the property to the other spouse. Helton v. Helton, 114 Ohio App.3d 683, 686, 683 N.E.2d 1157 (2d Dist.1996) ("Numerous appellate districts in Ohio have recognized that separate real property can be transformed by the grantor spouse into marital property by a gratuitous transfer to the grantee spouse of a present interest in the property.") Generally, conversion occurs when a donor spouse makes an inter vivos gift of the property to the donee spouse. Id. at 685, 683 N.E.2d 1157.

 

*50 {Para. 20}  The essential elements of an inter vivos gift are: "(1) [the] intent of the donor to make an immediate gift, (2) delivery of the property to the donee, [and] (3) acceptance of the gift by the donee." Barkley v. Barkley, 119 Ohio App.3d 155, 694 N.E.2d 989 (4th Dist.1997), fn. 2, citing Bolles v. Toledo Trust Co., 132 Ohio St. 21, 4 N.E.2d 917 (1936). Generally, the donee has the burden of showing, by clear and convincing evidence, that the donor made an inter vivos gift. Kovacs v. Kovacs, 6th Dist. Sandusky No. S-09-039, 2011-Ohio-154, 2011 WL 282381, Para. 12, citing Helton at 686, 683 N.E.2d 1157.

 

{Para. 21}  Here, the parties do not dispute the fact that Robert acquired the property prior to the marriage. Thus, the property was initially Robert's separate property. Katalin argues that Robert's actions during the marriage, namely the transferring of the title to the property to her in the form of a quitclaim deed, transmuted the property.

 

{Para. 22}  We find that the mere execution of a deed transferring title from one spouse to another does not convert property that is otherwise separate property into marital property. Indeed, R.C. 3105.171(H) states: "Except as otherwise provided in this section, the holding of title to property by one spouse individually or by both spouses in a form of co-ownership does not determine whether the property is marital property or separate property." Under this section, Ohio courts employ "a flexible totality-of-the-circumstances test to determine whether transmutation of the separate property has occurred." Hippely v. Hippely, 7th Dist. Columbiana No. 01 CO 14, 2002-Ohio-3015, 2002 WL 1370795, Para. 18. Thus, "the form of title is relevant to, but not conclusive of, the classification of property as being either marital or separate." Barkley, supra, at 161, 694 N.E.2d 989.

 

{Para. 23}  Having found no merit to Katalin's argument that Robert's execution of the quitclaim deed converted the subject property into marital property per se, we nonetheless find that the magistrate erred in completely disregarding the relevance of the transfer of title when he stated that "the execution of the quitclaim deed conveying [Robert's] interest therein to [Katalin] had absolutely no impact on the separate property characterization of the Butler road property." Indeed, Ohio courts have held that the transfer of title by execution of a deed "can be some evidence of the parties' intent as to the nature of the asset being marital or separate." Gallo v. Gallo, 11th Dist. Lake No. 2000-L-208, 2002-Ohio-2815, 2002 WL 1173492, Para. 25.

 

{Para. 24}  The Tenth District examined a situation similar to the present case in Neighbarger v. Neighbarger, 10th Dist. Franklin No. 05AP-651, 2006-Ohio-796, 2006 WL 416371. In that case, the husband transferred farmland via quitclaim deed to his wife shortly before their marriage. Because the husband acquired the property prior to the marriage, it was his separate property that would normally not be subject to equitable distribution. Upon divorce, the husband claimed that the farmland remained his separate property because he did not intend to make a gift to the wife by transferring the property to her. Rather, the husband argued that his motive in transferring the property was to shield it from potential civil judgments against him. The Tenth District rejected the husband's argument, stating:

 

There is no question that [husband] intended, in 1990 [the year in which husband transferred the property to wife], to create a legal barrier between himself and the property. His stated objective was to shelter his assets from any financial risk arising from the criminal *51 charges against him. If the outcome of the criminal trial had been different, he most certainly would have argued that he had no assets to satisfy whatever financial liability might have arisen, including his child support obligations. Having made that choice for his own benefit in 1990, to the detriment of his children and creditors, we will not allow [husband] to turn his deliberate action into a legal fiction for his own benefit again. He intended to transfer the property and, as evidenced by the quitclaim deed, he did transfer the property. Id. at Para. 25.

 

{Para. 25}  Relying on the Neighbarger decision, the Third District has also held that the relinquishment of all legal rights to farmland by transfer of the property via quitclaim deed to a spouse for the purpose of avoiding creditors constitutes a gift for purposes of classifying the property as separate or marital property. Strasburg v. Strasburg, 3d Dist. Auglaize No. 2-10-12, 2010-Ohio-3672, 2010 WL 3075773, Para. 22. In Strasburg, the husband testified that he inherited farmland from his father's estate during the marriage, and that he conveyed the property to his wife via quitclaim deed because he was concerned about the risk that he would be sued. Id. Like the court in Neighbarger, the Third District found that the husband

 

transferred his inherited farmland via quitclaim deed immediately upon his inheritance, and that, had [husband] been sued, he doubtlessly would have argued that the farmland was [wife's] sole property, and was not an asset subject to any ensuing financial liability. * * * Regardless of [husband's] testimony that he did not intend to relinquish ownership or waive his rights to the property, the fact remains that [husband] deeded the farmland to [wife] solely via quitclaim deed, and did not retain any reserved rights or joint rights to the property. Thus, [husband's] testimony about his motives for the transfer was wholly inconsistent with his actions in making the transfer. As [husband's] testimony established that he relinquished all legal rights to the farmland upon its transfer to [wife], we cannot find that the trial court erred in concluding that the farmland was not [husband's] separate property. Id.

 

{Para. 26}  Similar to the husbands in Neighbarger and Strasburg, the record in this case reveals that Robert deeded the Huron County property to Katalin for the sole purpose of placing the property beyond the reach of his creditors. We are in agreement with the Third and Tenth Districts that a transferor of property acts with donative intent when transferring property for the purpose of avoiding creditors. See Wolf–Sabatino v. Sabatino, 10th Dist. Franklin No. 10AP-1161, 2011-Ohio-6819, 2011 WL 6930524, Para. 73, quoting Dever v. Dever, 12th Dist. Clermont No. CA98–07–050, 1999 WL 211772 (Apr. 12, 1999) ("Courts have held that when 'a transferor transfers his interest in real property for a specific purpose other than ownership, the transferor has demonstrated donative intent.' "). Therefore, we find that the trial court's determination that Robert lacked donative intent when he transferred the subject property to Katalin was against the manifest weight of the evidence. By extension, we find that the court's classification of the property as Robert's separate property was also against the manifest weight of the evidence since Robert gifted the property to Katalin during the marriage, making the property marital.

 

{Para. 27}  Accordingly, we find Katalin's second assignment of error well-taken. Having found that the subject property was marital property pursuant to an inter *52 vivos gift, we must remand this matter to the trial court once again for the court to equitably distribute the property. Thus, Katalin's remaining assignments of error are moot.

 

III. Conclusion

 

{Para. 28}  For the foregoing reasons, the judgment of the Huron County Court of Common Pleas is reversed, and this matter is remanded to the trial court so that it may make an equitable division of the property under R.C. 3105.171(B). Costs are to be assessed to appellee pursuant to App.R. 24.

 

Judgment reversed.

 

Arlene Singer, J.

 

Christine E. Mayle, J.

 

CONCUR.

 

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2019.10.29 ... Repeal Of Kentucky’s Fraudulent Transfer Law In Favor Of UVTA Causes Headaches In Orchard

2019.10.19 ... Texas Homestead Gets Constitutional Protection From Fraudulent Transfer Claim In Lapides

 

 

Many more articles on voidable transactions law found here

 

UVTA - LOGICAL ORGANIZATION

(Designed For Litigators)

 

Click here to go to the Voidable Transactions Decision Chart

 

Overview of UVTA -- The process and result

 

Learn The Vocabulary Of The Act (Main Page)

 

Has A Voidable Transaction Occurred? (Main Page)

 

Does The Transferee Have A Defense? (Main Page)

 

What Remedies Are Available? (Main Page)

 

Other Helpful Provisions (Main Page)

 

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 - How insolvency is calculated

3 - Value - Issues relating to calculating value

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

(a)(1) {Intent Test} - To hinder, delay or defraud any creditor

(a)(2)(i) {Overextending Insolvency Test} - The debtor engages in a transaction for which it does not have the financial strength

(a)(2)(ii) {Sinking Insolvency Test} - The debtor is not technically insolvent but headed for insolvency

(b) {Badges of Fraud} - Circumstances available to prove the debtor's intent

5 - Transfer or Obligation Voidable As To Present Creditor

(a) {Insolvency Test} - The test preferred by creditors

(b) {Insider Preference Test} - Not really a fraudulent transfer test at all

6 - When Transfer Is Made Or Obligation Is Incurred - Determines the time of the transfer

7 - Remedies Of Creditor

      {Non-Money Judgment Remedies} - Avoidance, attachment, etc.

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

{Main Provisions} -The transferee's good faith for-value defense

(b) and (c) {Money Judgment Remedy} - Alternative remedy for creditors when avoidance is not good enough

9 - Extinguishment Of Claim For Relief - Similar to Statutes of Limitation

10 - Governing Law - Conflicts of Laws provisions

11 - Application To Series Organization - Applies to intra-series transfers

12 - Supplementary Provisions - Allows application of other law to issues unresolved by the UVTA

13 - Uniformity Of Application And Construction - Court opinions from other states may be looked to for guidance

14 - Relation To Electronic Signatures In Global And National Commerce - Waste of statutory space

15 - Short Title - From fraudulent transfers to voidable transactions

16 - Repeals; Conforming Amendment - Information for enacting legislatures

 

OTHER SOURCES OF

FRAUDULENT TRANSFER LAW

 

Fraudulent Transfers In Bankruptcy - Main Page

 

28 U.S.C. § 3301, et seq. - Where United States is the creditor

 

Common Law Fraudulent Transfer - Still exists in most states

 

Fraudulent Conveyances Act of 1571 a/k/a Statute of 13 Elizabeth - The medieval statute to which the modern American UVTA traces some of its roots.

 

Statutes Of The U.S. Jurisdictions -- State and Territorial Voidable Transaction and Fraudulent Transfer Laws

 

TOPICAL COURT OPINIONS

 

DEFINITIONS

     Creditor Definition - Court opinions on the definition of creditor

     Debtor Insider Affiliate Relative Organization Person Definitions   - Court opinions on the definitions of debtor, insider, etc.

     Claim And Debt Definitions  - Court opinions on the definitions of claim and debt

     Asset And Property Definitions  - Court opinions on the definitions of assets and property

     Lien And Valid Lien Definitions  - Court opinions on the definitions of lien and valid lien

     Transfer Definition  - Court opinions on the definition of transfer

     Value And Reasonably Equivalent Value (REV) Definition  - Court opinions on the definitions of value and reasonably equivalent value

     Insolvency Definition  - Court opinions on the definition of insolvency

TESTS

     Insolvency Test  - Court opinions relating to the Insolvency Test

     Insider Preference Test  - Court opinions relating to the Insider Preference Test

     Overextending Insolvency Test  - Court opinions relating to the Overextending Insolvency Test

     Sinking Insolvency Test  - Court opinions relating to the Sinking Insolvency Test

     Intent Test  - Court opinions relating to the Intent Test

           Badges Of Fraud  - Court opinions relating to the Badges of Fraud

DEFENSES

     Extinguishment Periods a/k/a (incorrectly) Statute Of Limitations  - Court opinions relating to the extinguishment periods

     Transferee Good Faith  - Court opinions relating to the transferee good faith for-value defense

REMEDIES

     Non-Money Remedies  - Court opinions relating to avoidance and other non-money remedies

     Money Judgment Remedies  - Court opinions relating to money judgments

     Attorney Fees -- Court opinions relating to awards of attorney fees

OTHER

     Burdens of Proof  - Court opinions relating to the burdens of proof

     Conflict Of Laws  - Court opinions relating to conflict of laws

     Uniformity  - Court opinions relating to uniformity with the laws of other jurisdictions

     Supplementary Law  - Court opinions relating to the interplay of the UVTA with other law

     Jurisdictional Issues - Court opinions relating to jurisdiction of UVTA actions.

BANKRUPTCY

     Section 548  - Court opinions relating to 11 USC 548

 

OTHER RESOURCES

 

 

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  • Creditor-Debtor - An explanation of common creditor remedies, strategies and tactics to enforce a judgment, including a discussion of common debtor asset protection strategies.

 

  • Private Retirement Plans - An exploration of a unique creditor exemption allowed under California law which can be very beneficial but is often misused.

 

  • Charging Orders - The confusing remedy against a debtor's interest in an LLC or partnership is explained in reference to the Uniform Partnership Act, the Uniform Limited Partnership Act, and the Uniform Limited Liability Company Act.

 

  • Protected Series - An examination of the single most complex statutory legal structure yet created, with particular reference to the Uniform Protected Series Act of 2017.

 

  • California Enforcement of Judgments Law - Considers the topic of judgment enforcement in California, including the California Enforcement of Judgments Law and other laws related to California creditor-debtor issues.

 

  • Anti-SLAPP Laws - A collection of and commentary about Anti-SLAPP laws and significant court decisions on the subject within the United States, and special section on California Anti-SLAPP.

 

 

Voidable Transactions:

Fraudulent Transfers In American Law

 

by Jay D. Adkisson (Available 2021)

 

Click here for more information

Contact Jay Adkisson:

 

Phone: 702-953-9617     Fax: 877-698-0678     jay [at] jayad.com

 

Unless a dire emergency, please send me an e-mail first in lieu of calling to set up a telephone appointment for a date and time certain.

 

Las Vegas Office: 6671 S. Las Vegas Blvd., Suite 210, Las Vegas, NV 89119, Ph: 702-953-9617, Fax: 877-698-0678. By appointment only.

 

Newport Beach Office: 100 Bayview Circle, Suite 210, Newport Beach, California 92660. Ph: 949-200-7773, Fax: 877-698-0678. By appointment only.

 

Social Media Contact: Twitter and LinkedIn

 

Admitted to practice law in Arizona, California, Nevada, Oklahoma and Texas.

 

© 2020 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 https://voidabletransactions.com Contact: jay [at] jayad.com or by phone to 702-953-9617 or by fax to 877-698-0678.