If you are considering or have already filed for bankruptcy, you are unable to legally transfer any assets out of your name and to other individuals. Also, when an individual is accused of fraud and has legal actions pending against him or her, any asset transfers can implicate other individuals in the case. According to the Uniform Fraudulent Transfer Act (UFTA), defendants in any legal matters are prevented from disassociating themselves from assets that can be used to pay debts and monetary claims against them.

If you are facing an alleged violation of the UFTA and are in need of help, turn to our skilled attorneys at the Kridel Law GroupAs a team of skilled litigators, our firm is fluent in the language of the UFTA and related matters. We are courtroom-experienced counselors who can take on even the most complex legal case.

Contact a lawyer at the Kridel Law Group to learn more about fraudulent transfers under state law and in bankruptcy.

Experienced Legal Defense

If you are a debtor who is being accused of a fraudulent transfer of assets in order to protect those assets for yourself, it is essential that you seek representation. Only a law firm with experience handling cases under the UFTA and complicated debtor/creditor cases should be entrusted with such an intricate case.

In addition, anyone who received the transferred assets and property may be additionally liable and held responsible as well. Whether they were aware of the illegality of the transfer or not, these individuals need their own legal counsel to ensure they are protected.

Fraudulent Transfers

There are a range of situations that may bring about concern with a transfer of assets, such as:

  • The concealment of the transfer
  • The debtor concealed or removed assets
  • The debtor remained in control or possession of the transferred assets
  • The debtor transferred nearly all of his or her assets
  • A substantial debt was incurred by the debtor shortly before or after the transfer was made

Consequences for Fraudulent Transfers

If you are found to have committed a fraudulent transfer, you may not only be held responsible for paying the initial debt, but additional fees and compensation as well. You may also be facing a criminal charge stemming from the fraud.

Contact a New Jersey and New York Fraudulent Transfer Defense Lawyer

To learn more about fraudulent transfer matters in bankruptcy, contact a Bergen County attorney at the Kridel Law Group. Call us now at 973-470-0800.

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Located in Manhattan and Clifton

With offices in Manhattan and in Clifton, New Jersey, and led by seasoned attorney James A. Kridel, Jr.,
our firm is made up of an illustrious team of professionals. Mr. Kridel himself holds an
advanced degree in tax law from New York University School of Law.

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Contact a Clifton, New Jersey, Lawyer

To learn more about our firm and our services, call 973-470-0800 or contact our office online today. We offer reasonable rates and accept credit card payments.