Intentional fraudulent conveyance litigation is an important component of bankruptcy and commercial litigation. New York has enacted an intentional fraudulent conveyance statute, N.Y. Debtor and Creditor Law §276. Section 276 states:
Every conveyance made and every obligation incurred with actual intent, as distinguished from intent presumed in law, to hinder, delay, or defraud either present or future creditors, is fraudulent as to both present and future creditors.
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