On January 1, 2016, Kentucky joined a growing movement among states across the country to revise fraudulent transfer statutes. Kentucky accomplished this by repealing its statutes on fraudulent transfers and preferential transfers (KRS 378.010 et seq.), and replacing them with the Uniform Voidable Transactions Act (“UVTA”) (KRS 378A.005 et seq.). The UVTA was designed to replace the Uniform Fraudulent Transfer Act (“UFTA”) that was previously adopted by 43 other states (which did not include Kentucky).