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Online Asset Protection Quiz.

What is the statute of limitations for a creditor to recover fraudulently transferred assets?

In most states a fraudulent transfer lawsuit must be filed within four years from the date of the transfer or one year after the transfer could have been reasonably discovered by the creditor. In these instances, a fraudulently transferred asset is never completely safe from recovery because a creditor can argue they only recently discovered a transfer which may have happened years earlier. The creditor would then have one additional year to set aside the transfer. Other states impose a strict five-year statute of limitations and disallow later claims regardless of when the creditor discovered the transfer.

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The Presser Law Firm, P.A. - Asset Protection Attorney
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