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Indiana Code Title 32. Property § 32-18-2-15

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 15. (a) A transfer made or an obligation incurred by a debtor is voidable as to a creditor whose claim arose before the transfer was made or the obligation was incurred if:

(1) the debtor made the transfer or incurred the obligation without receiving a reasonably equivalent value in exchange for the transfer or obligation;  and

(2) the debtor:

(A) was insolvent at that time;  or

(B) became insolvent as a result of the transfer or obligation.

(b) Subject to section 12(d) of this chapter, a creditor making a claim for relief under this section has the burden of proving the elements of the claim for relief by a preponderance of the evidence.

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Cite this article: FindLaw.com - Indiana Code Title 32. Property § 32-18-2-15 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-32-property/in-code-sect-32-18-2-15/

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