Legal Opinion · Dissent

Somers v. Spaulding

Supreme Court of Iowa

Decided November 12, 1940No. 45247Published

1DissentStiger, J.

I cannot agree with the majority opinion which holds that a creditor need not recover a judgment before bringing a suit to set aside a fraudulent conveyance and that a right accrues to the creditor to attack such conveyance after securing an attachment or some other lien on the debtor’s property other than a judgment lien.

The rule in this state is that a creditor must first recover a judgment against the debtor before he can bring a suit to set aside a fraudulent conveyance. This rule is subject to certain exceptions, not available to defendants, and a creditor may attack a conveyance without…

2Cases cited30 opinions

  1. Wiggins v. ArmstrongNew York Court of Chancery · 1816
  2. Bergh v. WarnerSupreme Court of Minnesota · 1891
  3. First National Bank v. EichmeierSupreme Court of Iowa · 1911
  4. Mickel v. WalravenSupreme Court of Iowa · 1894
  5. Crary v. KurtzSupreme Court of Iowa · 1906

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