This is purely hypothetical, but as a total layman it's gotten my curiosity.
Say Person A owns, say, 50% equity in a company.
Person B, the plaintiff, is awarded that equity as damages in a lawsuit.
Person A writes out a contract after the judgement that transfers all the equity to a trusted family member or friend.
Doesn't that mean that Person B isn't able to get that equity anymore? How are situations like this not commonplace?
Or instead of money, maybe Person A only has $50k in the bank, or some IP, and they quickly "give" a trusted friend that money before the judgement is to be collected by Person B, so now they don't actually have any of that to their name - it's owned by someone else now (even though it's someone that Person A knows will give it back to them when they're ready).