General Bill of Sale
A private party can contract to sell a certain piece of property to another private party. It is important, however, that for sales involving any substantial amount of money that a written contract known as a bill of sale be executed. Most of the time this can be done with preprinted forms. How to Write a General Bill of Sale The first step in writing a general bill of sale is to …
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What Is Fraudulent Conveyance and How Can I Avoid it?
The Classic Fraudulent Conveyance The classic fraudulent conveyance occurs when a person intentionally transfers property to another with the intent to defraud, hinder, or delay a creditor’s ability to collect on a debt. For example, let’s say a car dealership finances a car for a buyer based on the buyer’s credit report and bank account funds. Later, the buyer transfers his …
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