The Missouri Fraudulent Transfer Act is intended to stop debtors from transferring assets to avoid creditors. To prevail on a fraudulent transfer act claim, a plaintiff needs to “show that the transfer made with an intent to hinder, delay, or defraud creditors.” Taylor v. Clark, 140 S.W.3d 242, 251 (Mo. Ct. App. 2004). Intent to defraud…
Legal Articles
Fraudulent Transfers
You either have a judgment or clear evidence that someone owes you money as a creditor. What’s to prevent the debtor from transferring around assets and hiding funds from your debt/judgment? Under the Missouri Uniform Fraudulent Transfer Act (“MUFTA”), transfers of assets may in certain circumstances be set aside to satisfy a judgment. “To set…