Consumer Law, Warranties Debt and Fraud

[curiousdame]

my friend sold a store to someone but left herself as the guarantor. The landlord has now issued a letter to her lawyer indicating that she owes them $300K because she is the guarantor (the leaser stopped paying the rent and left). My friend has not received any letter/calls/indication from her lawyer that she needs to take action. She only found out about the issue because a friend of hers works at the lawyer's office. My question, if she sells her house at this time to a relative (son/daughter) so that she won't lose her house directly, would it be considered as fraud or something similar to it? Since she doesn't officially know about the landlord's letter yet but through a friend instead.

 

[dee_dub]

my friend sold a store to someone but left herself as the guarantor. The landlord has now issued a letter to her lawyer indicating that she owes them $300K because she is the guarantor (the leaser stopped paying the rent and left). My friend has not received any letter/calls/indication from her lawyer that she needs to take action. She only found out about the issue because a friend of hers works at the lawyer's office. My question, if she sells her house at this time to a relative (son/daughter) so that she won't lose her house directly, would it be considered as fraud or something similar to it?

It's usually called a fraudulent conveyance or fraudulent transfer. Yes, it's possible it would be considered as such.

Since she doesn't officially know about the landlord's letter yet but through a friend instead.

"Official" has nothing to do with it.

Why on earth would she leave herself as guarantor after selling the business? And what's her lawyer waiting for?