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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>79832</law_id><section_number>55.1-402</section_number><catch_line>Creditor&amp;#8217;s action to avoid such gifts, conveyances, assignments, transfers, or charges</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>55.1-403</reference><reference>64.2-745.1</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="55.1">Property and Conveyances</unit><unit label="subtitle" level="2" order_by="1" identifier="I">Property Conveyances</unit><unit label="chapter" level="3" order_by="1" identifier="4">Fraudulent and Voluntary Conveyances; Writings Necessary to be Recorded</unit></structure><text>
						<section><p>Before obtaining a <span class="dictionary">judgment</span> for his claim, a <span class="dictionary">creditor</span> may, whether such claim is due and payable or not, institute any action that he may institute after obtaining such <span class="dictionary">judgment</span> to avoid a gift, conveyance, assignment, or transfer of, or charge upon, the estate of his debtor declared void by either &#xA7;&#xA0;<a class="law" title="Void fraudulent acts; bona fide purchasers not affected" href="/55.1-400/">55.1-400</a> or <a class="law" title="Voluntary gifts, conveyances, assignments, transfers, or charges; void as to prior creditors" href="/55.1-401/">55.1-401</a>. Such <span class="dictionary">creditor</span> may, in such action, have all the relief with respect to such estate to which he would be entitled after obtaining a <span class="dictionary">judgment</span> for the claim for which he may be entitled to recover. A <span class="dictionary">creditor</span> availing himself of this section shall have a <span class="dictionary">lien</span> from the time of bringing his action on all the estate, real and personal, and a petitioning <span class="dictionary">creditor</span> shall also be entitled to a <span class="dictionary">lien</span> from the time of filing his <span class="dictionary">petition</span> in the <span class="dictionary">court</span> in which the action is brought. If the proceeds of sale are insufficient to satisfy the claims of all the <span class="dictionary">creditors</span> whose <span class="dictionary">liens</span> were acquired at the same time, they shall be applied proportionately to such claims, and the <span class="dictionary">court</span> may <span class="dictionary">issue</span> an <span class="dictionary">order</span> against the debtor for any deficiency remaining on the claim of any <span class="dictionary">creditor</span> after applying his share of the proceeds of sale, or, if any <span class="dictionary">creditor</span> is not entitled to share in such proceeds, may <span class="dictionary">issue</span> an <span class="dictionary">order</span> against the debtor for the full amount of the <span class="dictionary">creditor</span>&#x2019;s claim. This section is subject to the provisions of &#xA7;&#xA7;&#xA0;<a class="law" title="When and how docketed and indexed" href="/8.01-268/">8.01-268</a> and <a class="law" title="Dismissal or satisfaction of same" href="/8.01-269/">8.01-269</a>.</p></section></text><history>Code 1919, &#xA7; 5186; Code 1950, &#xA7; 55-82; 1926, p. 874; 2009, c. 593; 2019, c. 712.</history><metadata></metadata></law>
