Ky. Rev. Stat. » Chapter 517
Kentucky Revised Statutes

Ky. Rev. Stat. § 517.060 (2026)

Defrauding secured creditors

✓ current as of May 2026
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(1) A person is guilty of defrauding secured creditors when he destroys, damages, removes, conceals, encumbers, transfers, or otherwise deals with property subject to a security interest with intent either to lower the value of the secured interest or unlawfully to hinder enforcement of that interest.

(2) Defrauding secured creditors is a Class A misdemeanor unless the value of the property subject to the security interest is:

(a) Five hundred dollars ($500) or more up to ten thousand dollars ($10,000), in which case it is a Class D felony; or

(b) Ten thousand dollars ($10,000) or more, in which case it is a Class C felony. Effective: July 12, 2012 History: Amended 2012 Ky. Acts ch. 93, sec. 3, effective July 12, 2012. -- Amended 1978 Ky. Acts ch. 342, sec. 1, effective June 17, 1978. -- Created 1974 Ky. Acts ch. 406, sec. 150, effective January 1, 1975.

Notes of Decisions
Cited in 2 cases (2 in the last 5 years), 2021–2025 · leading case: Savannah Wilson v. Augusta Home Sales, Inc. (Ky. Ct. App. 2025).
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Savannah Wilson v. Augusta Home Sales, Inc. (Ky. Ct. App. 2025). · cites it 5× “October 2023 Order Appellants argue the circuit court erred in granting summary judgment to Appellees on the following issues/claims: (1) Wilson’s abandonment of the mobile home; (2) the validity of Kincaid’s lien; (3) violation of KRS 517.060; (4) wrongful distraint and…”
Edward Michael Szewczyk v. Angel Goff-Szewczyk (Ky. Ct. App. 2021). “This conduct may have both civil and criminal ramifications, including but not limited to KRS 517.060. Therefore, we AFFIRM the majority of the rulings of the trial court but REMAND this case for additional proceedings as to the proper disposition of the property subject to the…”
Ky. Rev. Stat. § 517.060(1): 1 case
Savannah Wilson v. Augusta Home Sales, Inc. (Ky. Ct. App. 2025). “October 2023 Order Appellants argue the circuit court erred in granting summary judgment to Appellees on the following issues/claims: (1) Wilson’s abandonment of the mobile home; (2) the validity of Kincaid’s lien; (3) violation of KRS 517.060; (4) wrongful distraint and…”
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