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Do not confuse the "statute of frauds" with the fraudulent transfer
rule. The former is a requirement that real estate transfers be reduced
to writing and filed with the clerk to be effective against innocent
third parties. The later is a prohibition against transferring assets
with the intent to defraud creditors. The statute of limitations that
applies to suspicious transfers, under the federal rule, is one year.
However, state laws vary greatly and also apply, so that criminal
liability for fraudulent transfers may create nondischargeable
liability, even though the transfer was completed more than one year
before filing.
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