FRAUDULENT TRANSFER
\fɹˈɔːdjʊlənt tɹˈansfɜː], \fɹˈɔːdjʊlənt tɹˈansfɜː], \f_ɹ_ˈɔː_d_j_ʊ_l_ə_n_t t_ɹ_ˈa_n_s_f_ɜː]\
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In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.
By Oddity Software
