The court has the same power and jurisdiction in all respects to set aside fraudulent conveyances and other fraudulent devices, in the cases mentioned in §§ 29-12-101 — 29-12-103, and to subject the property, by sale or otherwise, to the payment of debts, as if the creditor had obtained judgment, and execution thereon had been returned unsatisfied.
Code 1858, § 4291 (deriv. Acts 1851-1852, ch. 365, § 10); Shan., § 6100; Code 1932, § 10361; T.C.A. (orig. ed.), § 23-1004.