I'm not sure if it was done to shield money from creditors but I do know that he has refused to show up for the post judgement debtor's exam and is actively trying to hide his assets.Theoretically, yes, if it's a fraudulent transfer for the purpose of shielding the money from creditors.
The Utah Uniform Voidable Transactions Act will tell you all about it.
Utah Code Title 25, Chapter 6 (2020) - Uniform Voidable Transactions Act :: 2020 Utah Code :: US Codes and Statutes :: US Law :: Justia
Understand, thought, that because a large amount of money was "spent" doesn't necessarily make it a fraudulent transfer.
So, tell me this...if you have no idea of his assets, etc. (because he didn't show up at the exam), then how do you know what his software cost in the first place?I'm not sure if it was done to shield money from creditors but I do know that he has refused to show up for the post judgement debtor's exam and is actively trying to hide his assets.
The amount he spent is uncharacteristic for the way he does business. This guy works out of a starbucks using their wifi, virtual offices and UPS store. His company is registered by these fly by night places, only has 1 employee(himself) but he spends all his money ($30K) on some cloud based software probably design for big companies.
That is very expensive software for a guy with only himself as an employee. I am trying to determine is clawback might work with this.
Maybe. Depends on the relevant facts and circumstances.Can a clawback be used in debt collection if a massive amount of money was recently spent?
What is the antecedent of "it"?I'm not sure if it was done to shield money from creditors
Like a cop's guesses ( oops, I mean estimation) as to my speed or window tint in which case I will be guilty until proven innocent.No. There is no way that your guesses at his intent will rise to anywhere near the burden of proof that you must sustain for a successful claim.
The thread with an unrelated subject line that is closed to post anything? Explain how to post there and I will.That's a great example of why one should keep related questions in a single thread.
Civil litigation is different from criminal prosecution - but guesses are not really part or proof of either.Like a cop's guesses ( oops, I mean estimation) as to my speed or window tint in which case I will be guilty until proven innocent.
Even know cops have pulled people over for speeding who was playing loud engine sounds on the car's radio speakers and traveling at like 5 mph.
Very inconstant as to the rules.