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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Motor Vehicle Bill of Sale
There are many advantages to buying or selling a used car privately. A private sale often means that the seller earns more money while the buyer pays less money since there are no third parties, such as car dealerships, taking a cut of the sale price. However, in order to complete a private sale of an automobile it is important to create a legal Motor Vehicle Bill of Sale that protects …
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