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A fraudulent conveyance, also referred to as a fraudulent transfer or voidable transaction, occurs when an individual transfers non-exempt assets (like cash, stock, or real estate) with the intent to hinder or delay a creditor's collection efforts. This concept is primarily a civil issue and is not considered a crime, as highlighted by the speaker, a business professional. They emphasize that no clients have faced jail time for engaging in fraudulent conveyance. The typical remedy for creditors is the reversal of the fraudulent transfer, restoring the debtor's position prior to the transfer. Viewers are encouraged to like and subscribe for more content.
