ULRS

INTRODUCTION

This case, though complex, is essentially a debt collection action. In a prior case, Delta Aliraq, Inc. obtained a multi-million- dollar judgment against its former chief executive officer, David Weisman. Delta Aliraq assigned its interest in the judgment to plaintiff and respondent ULRS, Inc. ULRS then initiated the present action against Barbara Anne Klein, Weisman’s estranged wife, and her limited liability company, Badax, LLC. ULRS alleged that Weisman used money he had stolen from Delta Aliraq to give Klein a series of monetary gifts and to purchase and improve a residence to which Badax held title. To reach assets held by Klein and Badax, ULRS asserted two theories of liability: fraudulent transfer under the Uniform Voidable Transactions Act (UVTA) (Civ. Code, § 3439 et seq.) and a creditor’s claim under Code of Civil Procedure section 708.210. Following a five-day bench trial, the court found largely in favor of ULRS under both theories of liability. The court apportioned the ownership of the residence, giving ULRS a 66 percent interest and Badax the remaining 34 percent. In addition, the court awarded ULRS $60,000 against Klein, representing three checks…