What is Legal Terms - Transfer in Fraud of Creditors?

Legal Terms - Transfer in Fraud of Creditors — Transfer in Fraud of Creditors information: In bankruptcy matters, and in breach of contract cases, a transfer in fraud of creditors is a sale or other transfer of property made for the purpose to impede the rights or to prevent the transferor's creditors from reaching the property to secure a claim based on an unpaid and overdue debt.