N.Y. Social Services Law 111-Q – Voiding of fraudulent transfers of income or property
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§ 111-q. Voiding of fraudulent transfers of income or property. The department or a social services district, or its authorized representative, after obtaining information that a debtor has transferred income, property or other assets to avoid payment to a child support creditor shall, pursuant to Article 10 of the debtor and creditor law (1) commence a proceeding to void such transfer; or (2) obtain a settlement that is in the best interests of the child support creditor. Provided, however, that no settlement shall reduce or annul any arrears of child support which have accrued prior to the date of settlement.
Terms Used In N.Y. Social Services Law 111-Q
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.