The statute of limitations relating to a fraudulent transfer can vary significantly from jurisdiction to jurisdiction. In Ohio, Section 1336.09 of the Ohio Uniform Fraudulent Transfer Act provides that a claim for relief must generally be brought within four years after a transfer was made. But even if that period has expired, a claim may
Fraudulent Conveyances
Creditors Have Many Options Once They Have a Judgment Against You
By Ken Laino on
An article in the September 20, 2009 Business section of the Cleveland Plain Dealer contains a good summary of the various remedies available to a creditor who has a judgment against you. Cleveland Plain Dealer columnist Sheryl Harris is discussing a $3,000 judgment obtained in a small claims court in Rocky River, Ohio; but the…
Fraudulent Conveyances
By Ken Laino on
Posted in Fraudulent Conveyances, Ohio law
Asset protection planning generally involves transferring and/or re-titling some or all of your assets in order to better protect those assets from claims of creditors. Not surprisingly, however, there are statutory prohibitions against transferring your assets with the intent of avoiding your legal obligations. Whenever any assets are transferred or re-titled for protection purposes, it is critical…