Are we in trouble

[Idiots family]

What is the name of your state (only U.S. law)?

 

[PayrollHRGuy]

You can edit your question and add your state and the details of your question.

 

[Idiots family]

Are we liable

What is the name of your state (only U.S. law)?

we live in Indiana and helped him hide his stuff from landlord that won a judgement. I just found out about fraudulent conveyance. Could my grandparents be liable if they helped him hide his stuff?

 

[quincy]

we live in Indiana and helped him hide his stuff from landlord that won a judgement. I just found out about fraudulent conveyance. Could my grandparents be liable if they helped him hide his stuff?

What is the "stuff" that was hidden? And why?

 

[xylene]

we live in Indiana and helped him hide his stuff from landlord that won a judgement. I just found out about fraudulent conveyance. Could my grandparents be liable if they helped him hide his stuff?

Could you flesh out this whole situation? Who is "him"? Who are you to the situation? What was the judgment over and what is the property involved?

 

[adjusterjack]

we live in Indiana and helped him hide his stuff from landlord that won a judgement. I just found out about fraudulent conveyance. Could my grandparents be liable if they helped him hide his stuff?

Indiana exempts lots of "stuff" from judgment. Because of that, and the cost and inconvenience of trying to attach "stuff," landlords seldom go after "stuff."

It's unlikely that anything will come of helping him hide his "stuff."

On the remote chance that anything does come of it, all the landlord has to do is summon the former tenant to court where the former tenant will have to reveal, under oath and subject to penalty for perjury, what his "stuff" is and where it's located.

 

[Just Blue]

I just love the user name....

 

[Shadowbunny]

I just love the user name....

There's something rather charming about it.

 

[Just Blue]

There's something rather charming about it.

Yup!! It seems to reflect reality!!

 

[latigo]

we live in Indiana and helped him hide his stuff from landlord that won a judgement. I just found out about fraudulent conveyance. Could my grandparents be liable if they helped him hide his stuff?

No! Not to worry.

The mere "act" of concealing a person's assets to prevent them from being attached and applied in payment of the owner's creditors is not a crime. * Therefore aiding and abetting the act of concealment is not a crime. Nor does it result in civil liability.

In this context the term "fraudulent conveyance" refers to state wide statutes addressing transfers made in fraud of creditors. Briefly they allow a creditor to set aside or void certain transfers of a debtor's assets when made for inadequate consideration and which render the debtor insolvent or judgment proof. And it is a civil issue, not criminal per se.

Anyway I'm sure you agree and have cautioned the grandparents to attended to their own affairs and not meddle in the questionable affairs of others.

Have a good one.

_________________


[*] Please note that I chose the word "act" advisedly. For the debtor/owner to lie about such concealment or faili to disclosed it when relevant and under penalty of perjury, as under the Federal Bankruptcy Code, is a crime.