What would you do if bankruptcy was looming and a creditor was closing in, or your real estate went upside down? Can you move your assets away from your personal ownership so you don't lose
everything?
The laws generally favor creditors. Society wants creditors to lend and the economy to move foreward. If people could move their assets outside of creditor's reach, that would be generally unfair, so every state has passed "fraudulent conveyance" laws to protect creditors in a bankruptcy case.
But what can you do to protect some of your assets if the creditors are knocking at the door? There are some things you can do
so that your assets are structured properly for maximum protection. Learn more about what fraudulent conveyance is in my
YouTube video and find out more about ways to comply with the relevant laws and still protect as much as you can at
www.legalees.com/fraudulent-conveyance.
