At Rieser & Marx, LLC, one of our main focuses is on the area of asset protection. Not only can we help you take preventive action to protect your assets, but we can also help protect you against taking actions which can be considered fraudulent (hiding assets). There are very strict laws in the state of Ohio which prevent the transferring of money when you or your business are insolvent. Adhering to these regulations is vital in protecting your assets and your best interests.
Our Dayton asset protection attorneys can help protect you, whether the transfer in question was intentionally made to defraud creditors or simply intended to help your business become solvent again.
The law which regulates the way transfers are made is called the Ohio Uniform Fraudulent Transfer Act. It allows creditors to challenge or void the transfer of assets, property, or money. This act was put in place to prevent businesses or individuals from putting their assets out of reach from future or present creditors, but it can also bring into question legal transfers.
Consulting with a Dayton asset protection attorney from our team is in your best interest, as we are familiar with these laws and can effectively guide you. We are fully committed to protecting you from the penalties of violating the Fraudulent Transfer Act.
There are a number of different factors which must be carefully examined to establish fraudulent intent. In order to prevent any type of reversal or the other penalties involved with fraudulent transfers, it is up to our firm to prove that the intention of your transfer was not to defraud creditors.
If you are being accused of a fraudulent transfer or you are taking measures to ensure any action you take is completed within the lines of the law, we are here to help. Contact a Dayton asset protection attorney online to schedule and appointment or to learn more about your rights and responsibilities.