Codeuvta07remedies

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April 21, 2022, at 02:24 AM by 50.159.12.10 -
April 21, 2022, at 02:24 AM by 50.159.12.10 -
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SECTION 7. REMEDIES OF CREDITOR.

§ 7(a) In an action for relief against a transfer or obligation under this [Act], a creditor, subject to the limitations in Section 8, may obtain:

->(1) avoidance of the transfer or obligation to the extent necessary to satisfy the creditor’s claim;

->(2) an attachment or other provisional remedy against the asset transferred or other property of the transferee if available under applicable law; and

->(3) subject to applicable principles of equity and in accordance with applicable rules of civil procedure:

-->(i) an injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property;

-->(ii) appointment of a receiver to take charge of the asset transferred or of other property of the transferee; or

-->(iii) any other relief the circumstances may require.

§ 7(b) If a creditor has obtained a judgment on a claim against the debtor, the creditor, if the court so orders, may levy execution on the asset transferred or its proceeds.