fraudulent transfer
- A transaction in a bankruptcy case where the debtor gives property to someone else at a price less than its actual value to avoid it being claimed or sold by the trustee for creditors' benefit
- She was accused of making a fraudulent transfer of her apartment to her brother just before filing for bankruptcy.
- The court found the sale of the boat to be a fraudulent transfer, as it was done to prevent the asset from being seized for bankruptcy.
- To keep his treasured painting, he attempted a fraudulent transfer but was caught by the trustee.
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