§3306 Remedies of the United States

Summary

When the United States sues under this part to challenge a transfer or obligation, it can cancel the transfer as far as needed to pay the debt to the United States, go after the asset that was transferred or the recipient’s other property, or get any other relief a court finds necessary. These rights apply under section 3307, the court’s fairness rules, and the Federal Rules of Civil Procedure. A claim about a fraudulent transfer or obligation ends unless the United States files suit within set time limits. Under section 3304(b)(1)(A) the suit must be filed within 6 years after the transfer or obligation, or, if later, within 2 years after the transfer or obligation was or could reasonably have been discovered by the person making the claim. Under section 3304(a)(1) or 3304(b)(1)(B) the suit must be filed within 6 years. Under section 3304(a)(2) the suit must be filed within 2 years.