Fraudulent Conveyance: Claimants' Lawsuits Over Hidden Assets Are Getting Attention

icTendiche assets go one place. The liabilities don't go anywhere.

And the company that is left behind has so little credit to pay future debts that it runs out of cash, can no longer fund day-to-day operations and is forced to file for bankruptcy protection.

Out of context, it sounds like normal circumstances leading to the demise of most once-solvent companies. However, it is becoming an all-too-common footnote in the fate of several asbestos defendants, leaving some to wonder if the scenario is truly a function of massive liabilities, and others to insist that it's a carefully scripted scheme to …