Winning a lawsuit is not enough if the judgment creditor cannot collect the money awarded because the defendants got rid of their assets before being held liable and those assets are dissipated during the litigation. Avoidable transfers can and do occur, sometimes inadvertently, especially with small or family-run businesses. Judgment creditors must be on the look-out for some common scenarios in which they occur, and then act promptly.

File Type: pdf
Categories: 2023, Author, Commercial Law World, Volume 37 Issue 4
Tags: creditors'rights
Author: Matthew B. Weisberg Esq.