ClassyPleasantHeron
10:01
Simple English definitions for legal terms
Read a random definition: dual-prosecution rule
Definition: UFTA stands for Uniform Fraudulent Transfer Act. It is a law that helps protect creditors from debtors who try to hide or transfer their assets to avoid paying their debts.
These examples illustrate how UFTA helps prevent debtors from cheating their creditors by transferring or hiding their assets. By making these actions illegal, UFTA helps ensure that creditors are paid what they are owed.