DIVORCE IS NOT A TOOL FOR AVOIDING CREDITORS

Divorce should not be used as a tool to avoid creditor claims against one or both spouses. If a creditor believes that a fraudulent transfer has occurred, that creditor can use MUFTA to set aside the transfer and collect on its debt. Therefore, it is important to discuss all debts at issue during a divorce with competent counsel to make sure that you are protected.

 

Read More