Legal Question in Criminal Law in California
When in a duo accident that causes a victims death, can a person transfer ownership of a business prior to trial?
Asked on 9/09/13, 12:32 pm
1 Answer from Attorneys
Edward Hoffman
Law Offices of Edward A. Hoffman
Unless the owner gets fair value in exchange for the business, this would likely be a fraudulent transfer. If the plaintiff wins the lawsuit and the defendant fails to pay the judgment, he could sue the transferee and/or execute against the business in much the same way as he could have if the defendant still owned it.
Answered on 9/09/13, 12:43 pm