Necessary Parties

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May 14, 2022, at 03:46 AM by 50.159.12.10 -
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!!!ARTICLES ON PARTIES

* [[https://www.forbes.com/sites/jayadkisson/2021/01/24/uvta-held-not-to-require-a-third-party-transferee-in-nagel/|2021.01.24]] ... UVTA Held Not To Require A Third-Party Transferee In Nagel

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May 08, 2022, at 04:48 AM by 50.159.12.10 -
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Parties [--PMainpartiesnecessary--]
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Parties [--Mainpartiesnecessary--]
May 08, 2022, at 01:17 AM by 50.159.12.10 -
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->§ 1(6) Debtor

->§
1(8) Insider and § 1(1) Affiliate

->§
1(14) Relative
to:
->[[Mainuvta0106definitiondebtor|§ 1(6) Debtor, § 1(8) Insider, § 1(1) Affiliate, and § 1(14) Relative]]
May 08, 2022, at 01:16 AM by 50.159.12.10 -
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->§ 1(10) Organization and § 1(11) Person
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->[[Mainuvta0111definitionperson|§ 1(10) Organization and § 1(11) Person]]
May 08, 2022, at 01:15 AM by 50.159.12.10 -
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->§ 1(4) Creditor
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->[[Mainuvta0104definitioncreditor|§ 1(4) Creditor]]
May 08, 2022, at 01:13 AM by 50.159.12.10 -
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(:title TOPICSHORT:)
(:Summary: TOPICLONG:)
(:description TOPICLONG:)
(:keywords voidable transaction, uvta, fraudulent transfer, ufta, fraudulent conveyance, TOPIC:)
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(:title Necessary Parties:)
(:Summary: Necessary Parties:)
(:description Necessary Parties:)
(:keywords voidable transaction, uvta, fraudulent transfer, ufta, fraudulent conveyance, party, parties, necessary party, necessary parties:)
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TOPIC [[!Topic]] [--PAGENAME--]
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Parties [--PMainpartiesnecessary--]
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TEXT
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!!PARTIES TO A VOIDABLE TRANSACTION CASE

A voidable transactions case fundamentally involves a creditor suing a transferee for an asset that was transferred to the transferee by the debtor. There are thus three parties that require definition: creditor, debtor, and transferee.

At a minimum, a voidable transactions case requires a creditor as the plaintiff and the transferee as the defendant.

Whether the debtor must also be a defendant depends on local law. While the typical practice is to add the debtor as at least a "relief defendant", there may be situations where adding the debtor is not desirable, such as where the debtor has absconded and cannot be easily served. Note that the the creditor can normally obtain all the relief desired against the debtor directly by way of post-judgment enforcement procedures in the underlying action. However, in given jurisdictions, if the creditor desires to, for instance, obtain attorney's fees and costs against the debtor, then it will probably be necessary to add the debtor as a party.

The creditor is subject to a simple single definition as defined in § 1(4).

By contrast, the definition of what may constitute a debtor, or whether a transferee may be characterized as an "insider" or "relative" of the debtor, is more complex and may require the combined application of several definitions.

Definitions applicable to parties:

->§ 1(4) Creditor

->§ 1(6) Debtor

->§ 1(8) Insider and § 1(1) Affiliate

->§ 1(14) Relative

->§ 1(10) Organization and § 1(11) Person

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!!!TEXT TOPICS AND OPINIONS

(:pagelist link=Category.TEXT list=normal fmt=title:)
to:
!!!NECESSARY PARTIES TOPICS AND OPINIONS

(:pagelist link=Category.Parties list=normal fmt=title:)
May 05, 2022, at 06:04 PM by 50.159.12.10 -
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(:title TOPICSHORT:)
(:Summary: TOPICLONG:)
(:description TOPICLONG:)
(:keywords voidable transaction, uvta, fraudulent transfer, ufta, fraudulent conveyance, TOPIC:)
(:linebreaks:)
TOPIC [[!Topic]] [--PAGENAME--]
[[<<]]
TEXT
[[<<]]
[[<<]]
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!!!TEXT TOPICS AND OPINIONS

(:pagelist link=Category.TEXT list=normal fmt=title:)

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