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Fraudulent Transfer Scheme and Dischargeability

Fraudulent Transfer Scheme and Dischargeability

May 20th, 2016 by lawfirm

The Supreme Court of the United States ruled on May 16, 2016, that the phrase “actual fraud” in a section of the Bankruptcy Code providing grounds for dischargeability encompasses fraudulent transfers without regard as to whether there was a false representation by the debtor. The Court entered the ruling in the case of Husky International Electronics, Inc. v. Ritz, _ U.S._ (2016).

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