Fraudulent conveyances; attorney fees. (SB959)
Introduced By
Sen. Mark Obenshain (R-Harrisonburg) with support from co-patron Del. Manoli Loupassi (R-Richmond)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Fraudulent conveyances; attorney fees. Provides that attorney fees shall be awarded to a creditor in an action where a gift; deed; conveyance, assignment, or transfer of or charge upon the estate of a debtor; suit commenced or decree, judgment, or execution suffered or obtained; or bond or other writing is declared void. The award of attorney fees shall be paid out of the proceeds of a resulting judicial sale, if any, but shall not affect a prior lien creditor not represented by the attorney. This bill is a recommendation of the Boyd-Graves Conference. Amends § 55-82 (“Creditor\u2019s suits to avoid such gifts, etc.”), § 55-82.1 (“Creditor\u2019s suits; attorney fees.”), of the Code of Virginia. View Full Text »
