West Virginia SB973 creates a crime for disposing property to avoid debt repayment.

West Virginia SB973 amends the state code to establish a crime for disposing or attempting to dispose of property to avoid liability for debt repayment. The bill outlines penalties for those who secrete, assign, or convey property with intent to defraud creditors or prevent property from being liable for debts. It also addresses the use of false instruments to dispose of real property to avoid liability. Penalties include fines and imprisonment, with specific provisions for different values of property and services involved.

West Virginia SB973 creates a crime for disposing property to avoid debt repayment.

West Virginia SB973 amends the state code to establish a crime for disposing or attempting to dispose of property to avoid liability for debt repayment. The bill outlines penalties for those who secrete, assign, or convey property with intent to defraud creditors or prevent property from being liable for debts. It also addresses the use of false instruments to dispose of real property to avoid liability. Penalties include fines and imprisonment, with specific provisions for different values of property and services involved.