hindering and delaying creditors

hindering and delaying creditors
Acts which impede or retard creditors in their lawful efforts to subject the property of their debtor to their lawful claims, performed with the fraudulent intent to defraud. Clayton v Clark, 76 Kan 832, 92 P 1117. An act impeding or retarding creditors, whether done innocently or with intent to hinder and delay them; a sale of property by a debtor at less than the fair value. Mente & Co. v Old River Co. (CA5 Tex) 17 F2d 350.

Ballentine's law dictionary. . 1998.

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  • fraudulent conveyance — n: a conveyance of property made for the purpose of rendering the property unavailable for satisfaction of a debt or otherwise hindering or defeating the rights of creditors; specif: a conveyance of property that is made in return for inadequate… …   Law dictionary

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