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  1. #1
    Join Date
    Apr 2013
    Posts
    5

    Default Is it a Fraudulent Conveyance to Sell Business Assets After a Lawsuit

    My question involves business law in the state of: Nevada
    I know of someone whose small company is being sued. I've heard of "fraudulent TRANSFER of assets" but would the SALE of assets be considered fraudulent? For example if the company www domain was sold? Business is pretty much generated completely through this domain and the domain has considerable name recognition. I don't know but I believe that the owner of the business may just abandon the business. Too insanely expensive to fight in court. No money to fight it and the business may not be generating enough revenue at this time.

  2. #2
    Join Date
    Mar 2013
    Posts
    16,751

    Default Re: Is Sale of Assets Fradulent After Lawsuit

    A sale IS a transfer.

    But the plaintiff would have to prove that the sale was a fraudulent transfer to avoid creditors.

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