August 16, 2017

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...]

I don’t want to file, but should I?

Some people are not good candidates for bankruptcy, including: Those with too many non-exempt assets; for them, we develop asset planning & protection strategies Those who cannot afford to file bankruptcy Those with no income or who have so few non-exempt assets that they are essentially “judgment proof” Those with finances so complicated by trusts and tax shelters … [Read more...]