Maryland does have a fraudulent transfer statute, called the Maryland Uniform Fraudulent Conveyance Act (MD. CODE
ANN., Commercial Law, Section 15-201, et. seq. (1975).
§15–204 says that "Every conveyance made and every obligation incurred by a person who is or will be rendered insolvent by it is fraudulent as to creditors without regard to his actual intent, if the conveyance is made or the obligation is incurred without a fair consideration."
So, if the transfer renders the person transferring the asset insolvent, then the transfer is deemed fraudulent and can be overturned by a court.
Also, §15–205 says that "Every conveyance made without fair consideration when the person who makes it is engaged or is about to engage in a business or transaction for which the property remaining in his hands after the conveyance is an unreasonably small capital, is fraudulent as to creditors and other persons who become creditors during the continuance of the business or transaction without regard to his actual intent."
So, if the person receiving the transfer of property does not pay a fair amount to the person transferring the property, then the transfer may be deemed fraudulent as to the creditors of the person making the transfer.
A good website outlining Maryland fraudulent transfer law is here:http://secure.bowie-jensen.com/?file=convey.inc
I think you should consult with an Estate planning attorney who can see if transferring the assets into a trust might shield them (though my guess is this will be difficult at this point).
If that doesn't work, a Chapter 13 repayment may be the best option.
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