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Fraudulent Conveyances Info

How Fraudulent Transfers or Fraudulent Conveyances Can Impact Your Business

A fraudulent transfer, also known as a fraudulent conveyance, refers to an intentional act of moving assets to another party or entity with the purpose of avoiding creditors or legal obligations. This transfer is often employed to shield assets from potential seizure or liquidation to settle debts. In other words a debtor is trying to hide their assets in order to avoid payment. Individuals or businesses facing financial difficulties may engage in fraudulent transfers to protect their assets from being used for debt repayment. Clients are at risk of losing money to fraudulent conveyances. Creditors, who are owed money by individuals or businesses, are particularly vulnerable. When debtors engage in fraudulent transfers, they diminish the pool of assets available for creditors to collect on outstanding debts. This practice poses a significant risk to creditors seeking repayment, as it hampers their ability to access the debtor’s assets and recover the amounts owed. It is essential for creditors to be vigilant and proactive in identifying potential fraudulent transfers to safeguard their interests. Legal recourse and specialized assistance, such as that provided by the attorneys at Cellai Law Offices, P.C. can help navigate the complexities of fraudulent conveyance cases and maximize the chances of recovering debts despite evasive tactics.

Fraudulent Conveyances and Commercial Debt Collection

Navigating the complexities of debt collection requires a proactive approach, especially when debtors attempt to conceal their assets. In Massachusetts, we go beyond merely assessing current ownership of properties; the experienced team at Cellai Law Offices, P.C. dives deep in order to uncover fraudulent conveyances or transfers. This meticulous process ensures a comprehensive examination of layers, revealing any concealed assets that can be seized and sold to settle delinquent accounts receivable or business debt. Unlike general practitioners, the expertise of the attorneys at Cellai Law Offices, P.C. lies specifically in Massachusetts commercial debt collections. Our attorneys possess significant experience in identifying and challenging fraudulent transfers and utilizing legal strategies to set them aside. By scrutinizing the debtor’s financial history, we seek to expose hidden assets and facilitate their liquidation for debt repayment. If there are suspicions that the debtor orchestrated a fraudulent transfer to evade payment, prompt action is crucial. Moving quickly is vital because Massachusetts imposes a four-year statute of limitations from the time of knowledge about the alleged fraudulent transfer. Don’t relinquish hopes of recovering outstanding debt without exploring the possibility of hidden assets, including those involved in fraudulent conveyances. Contact Cellai Law Offices, P.C. at 617-367-2199 and let our specialized knowledge guide you in navigating this intricate legal
landscape.

Contact Us Today For A Legal Consultation

Whether it is your first-time pursuing debt collection, breach of contract matters or your company is in need of sophisticated counsel, Cellai Law Offices, P.C. will work for you.

(617) 367-2199