Debt, Debt Collections & Bankruptcy
Bankruptcy is a significant event in the life of a business and its owner. We specialize in finding the best resolution possible for our clients while protecting their assets and advocating for their interests. We are dedicated to finding amicable solutions that preserve their businesses, their way of life and future potential.
Every state has laws that allow for the individual to place certain assets out of the reach of creditors. At the same time, each state has certain laws that limit the circumstances and the timing under which you can place those assets out of reach. Your most important asset is your business, and while you work hard to build your business, we will work hard to protect of both your personal and business assets. We ask you to consider sound asset and wealth preservation planning from the earliest stages, allowing us to design your business interests and structures you’re your retirement in mind, using wills, trusts and other retirement tools to embrace laws designed to assure that funds set aside for retirement, remain available and beyond the reach of creditors, as intended. We have an understanding of the laws and opportunities the American legal system affords to assure that assets legally remain out of the reach of creditors, as well as the types of entities and locales that best serve as protective havens to preserve all that you have accomplished..
Types of Asset Protection
- Hybrid Planning
- Creditor Protection
Can I protect my assets without putting them offshore?
There are several tried and true mechanisms for placing assets in safe havens within the United States. Often this involves choosing states that provide for confidentiality, and whose laws are weighted in favor of debtors rather than creditors. Critical to success are the purposes and timing of planning, and the resources and motivation of any potential creditor body.
Can my assets be protected?
Every state has laws that allow for the individual to place certain assets out of the reach of creditors. At the same time, each state has certain laws that limit the circumstances and the timing under which you can place those assets out of reach. The art of asset protection planning and business structuring involves understanding those laws and the realities of the American legal process involved in the collection of debts.
Is offshore asset protection safe?
The use of offshore asset structures as a part of retirement planning can be done legally and safely with the assistance of competent counsel, bound to rules of ethics.
When is offshore asset protection used?
Use of offshore asset structures as a part of retirement planning typically involves the strategic use of international jurisdictions, but allows the individual the continued use and benefit of assets while keeping them out of reach of American courts’ jurisdiction for collection. It is typically only useful with respect to liquid assets and must not involve an attempt to evade taxes. It requires the use of reputable participants in stable environments with modern laws. It is substantially more expensive and cumbersome than more typical domestic retirement planning and should only be used when more traditional measures will not in and of themselves accomplish the goals intended.
Not everyone with debt issues can or should file bankruptcy. There are often alternatives to filing bankruptcy and we practice Financial Distress Counseling and Debt Management: Programs and protocols designed to help you manage your debt.
- Debt work-outs
- Collection Defense
- Credit Card Settlements
- Financial Distress consulting
- Credit Repair