Q: When is the Transfer Fraudulent as to Present Creditors?
Transfer Fraudulent as to Present Creditors
(i) (a) Transfer is fraudulent if debtor received less than REV, and was insolvent or the transfer caused the debtor to become insolvent.
(ii) (b) transfer is fraudulent if made to an insider for antecedent debt when the debtor was insolvent and the insider has reasonable cause to believe the debtor was insolvent.
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