Can a Creditor Void an Insider Asset Transfer Under Illinois Law?
When a Debtor Hides Assets: A Creditor’s Path to Reversal Key Takeaways: A creditor can void an insider asset transfer in Illinois under the Illinois Uniform Fraudulent Transfer Act (740 ILCS 160), adopted in 1989. Transfers may be challenged on two theories: actual intent to hinder, delay, or defraud a creditor, or constructive fraud, where […]