Video instructions and help with filling out and completing Will Form 843 Asset

Instructions and Help about Will Form 843 Asset

Hi I'm Gary Annette skin I'm a credit collection attorney with knit skin and associates in this video I want talk to you about a situation where a person who owes money hides their assets from the person to whom they owe that money in Michigan we call that a fraudulent transfer Michigan has a statute regarding fraudulent transfers that we've included on our website we have a lot of experience in recovering assets that have been fraudulently transferred in Michigan there are two ways to prove fraudulent transfers one way to prove a fraudulent transfer is to show that the debtor had an intention to hinder or delay us from reaching his assets and when he transferred those assets he didn't receive reasonably equivalent value for it under this method of proving fraudulent conveyances you have to show that the debtor intended to make it difficult for us to get his car this can be a difficult thing to prove another way to prove a fraudulent transfers to show that the debtor was insolvent when he transferred his assets and did not receive reasonably equivalent value for it this is a far easier way to prove a fraudulent transfer Michigan laws and fraudulent transfers allow us to ask the court to set aside the transaction and allow us to pursue the debtor and the transferee in the subsequent lawsuit for fraudulent transfers if we can be of service please feel free to click on one of the links on my website if you'd like to talk with me about your problem please feel free to give me a call otherwise send me an email be happy to respond to it thank you.

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