How have courts dealt with a class action to set aside intentionally fraudulent conveyances?
federal, United States of America
The following excerpt is from In re Black & White Cattle Co., 30 BR 508 (B.A.P. 9th Cir. 1983):
Such was the holding in Heffernan v. Bennett & Armour, 110 Cal.App.2d 564, 243 P.2d 846 (1952), involving a class action to set aside intentionally fraudulent conveyances. The trial court declared the transfers entirely void as to all creditors, i.e., "as if they had never been made", and this portion of the judgment was reversed because it was not limited to the amount of the total claims. Id., at 596, 243 P.2d 846.
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