June 24, 2019

Asset Protection Basics: What You Need to Know if You Owe Debts You Cannot Pay

Many people who want to come in and talk about asset protection are surprised to learn that they have no assets to protect. "How can this be? "I own a car and a house!" Asset protection comes in to play if you own property that has equity above the mortgages owed (called¬†non-exempt property -- property that creditors can reach); or if you anticipate that you may have non-exempt property in the … [Read more...]

Bankruptcy Trustee Basics

In addition to my private practice, I serve as a Chapter 7 Trustee for the United States Bankruptcy Court for the Western District of North Carolina.¬† Few people know what this means and how this service helps my private practice clients, so here's a primer. What's a bankruptcy trustee? Chapter 7 Trustees (also known as panel trustees) are not government employees. Here in the Western District … [Read more...]