When in a duo accident that causes a victims death, can a person transfer ownership of a business prior to trial?
1 Answer from Attorneys
Unless the owner gets fair value in exchange for the business, this would likely be a fraudulent transfer. If the plaintiff wins the lawsuit and the defendant fails to pay the judgment, he could sue the transferee and/or execute against the business in much the same way as he could have if the defendant still owned it.
Related Questions & Answers
If I was defending my self from an attacker and pushed the attacker off me and he... Asked 9/09/13, 4:09 am in United States California Criminal Law
I was convicted of 1st degree Burglary in San Bernardino County, CA in 2007. I've... Asked 9/08/13, 1:47 pm in United States California Criminal Law
My daughter and her girlfriend and my daughters African American boyfriend pulled... Asked 9/08/13, 4:36 am in United States California Criminal Law
My 18 yr.old Caucasian daughter her girlfriend and her African American boyfriend... Asked 9/08/13, 3:09 am in United States California Criminal Law
Im on probation for 6months and i was given a number of things to do. They cost... Asked 9/07/13, 2:03 pm in United States California Criminal Law