Terms Used In Utah Code > Title 25 > Chapter 6 > Part 2 - Voidable Transfer or Obligation

• Asset: means property of a debtor, but does not include:

  (a)	property to the extent it is encumbered by a valid lien;

  (b)	property to the extent it is generally exempt under nonbankruptcy law; or

  (c)

  an interest in property held in tenancy by the entireties to the extent it is not subject to process by a creditor holding a claim against only one tenant. See Utah Code 25-6-102 Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account. claim for relief: means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured. See Utah Code 25-6-102 Creditor: means a person that has a claim. See Utah Code 25-6-102 Debt: means liability on a claim. See Utah Code 25-6-102 Debtor: means a person that is liable on a claim. See Utah Code 25-6-102 Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other. Insider: includes : (a)  if the debtor is an individual: (i)  a relative of the debtor or of a general partner of the debtor; (ii)  a partnership in which the debtor is a general partner; (iii)  a general partner in a partnership described in Subsection (8)(a)(ii); (iv)  a corporation of which the debtor is a director, officer, or person in control; or (v)  a limited liability company of which the debtor is a member or manager; (b)  if the debtor is a corporation: (i)  a director of the debtor; (ii)  an officer of the debtor; (iii)  a person in control of the debtor; (iv)  a partnership in which the debtor is a general partner; (v)  a general partner in a partnership described in Subsection (8)(b)(iv); (vi)  a limited liability company of which the debtor is a member or manager; or (vii)  a relative of a general partner, director, officer, or person in control of the debtor; (c)  if the debtor is a partnership: (i)  a general partner in the debtor; (ii)  a relative of a general partner in, a general partner of, or a person in control of the debtor; (iii)  another partnership in which the debtor is a general partner; (iv)  a general partner in a partnership described in Subsection (8)(c)(iii); (v)  a limited liability company of which the debtor is a member or manager; or (vi)  a person in control of the debtor; (d)  if the debtor is a limited liability company: (i)  a member or manager of the debtor; (ii)  another limited liability company in which the debtor is a member or manager; (iii)  a partnership in which the debtor is a general partner; (iv)  a general partner in a partnership described in Subsection (8)(d)(iii); (v)  a person in control of the debtor; or (vi)  a relative of a general partner, member, manager, or person in control of the debtor; (e)  an affiliate, or an insider of an affiliate as if the affiliate were the debtor; and (f)  a managing agent of the debtor. See Utah Code 25-6-102 Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period. Property: means anything that may be the subject of ownership. See Utah Code 25-6-102 Transfer: means every mode, direct or indirect, absolute or conditional, or voluntary or involuntary, of disposing of or parting with an asset or an interest in an asset, and includes payment of money, release, lease, and creation of a lien or other encumbrance. See Utah Code 25-6-102