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State Courts -
Florida - January 25, 2006
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Willis v. Red Reef, Inc., Nos. 4D04-1924 and 4D04-2013,
COURT OF APPEAL OF FLORIDA, FOURTH DISTRICT, January 25, 2006, Decided
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Overview: Although defendants violated the Florida Fraudulent Transfer Act by fraudulently diverting the proceeds of the sale of their company's property to their own personal accounts, their conduct did not give rise to an equitable lien on homestead property. Fla. Const. art. X, § 4, exempted defendants' homestead from imposition of the equitable lien.
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