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Piercing the veil isn't fraud either. But it can make you personally liable for the financial liabilities of your company.
by jjeaff 7y ago
Piercing the veil isn't fraud either. But it can make you personally liable for the financial liabilities of your company.
- hn_throwaway_99 7y agoThe term for this is literally "fraudulent conveyance": https://en.wikipedia.org/wiki/Fraudulent_conveyance#United_States https://en.wikipedia.org/wiki/Fraudulent_conveyance#United_S...
- malandrew 7y agoDoesn't fraudulent conveyance only apply if there are creditors to the debtors. In this situation, who is the creditor that was defrauded by the conveyances in question at the time of conveyance?
- jjeaff 7y agoFraudulent conveyence is not the same thing as "piercing the veil". Although it is a subset of it.