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A $2-million asset transfer between divorcing spouses, leaving the ex-husband facing a $290,000 bank judgment and more than $8.8 million in other debt, was presumptively fraudulent under the state’s Uniform Fraudulent Transfer Act, a Court of Appeals panel held on April 29.

Couple’s $2 million transfer fraudulent

A $2-million asset transfer between divorcing spouses, leaving the ex-husband facing a $290,000 bank judgment and more than $8.8 million in other debt, was presumptively fraudulent under the state’s Uniform Fraudulent Transfer Act, a Court of Appeals panel held on April 29.

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