Asset Protection Attorney

By Author: Loz Loz
Total Articles: 4
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Asset Protection

Creditors not motivated by personal animosity, but by financial incentive, will always take into account the economics of their collection actions. Colorado attorney Barry Engel is credited with the introduction of that concept and the development of asset protection trust law statutes in the Cook Islands. An arm's-length cash sale is the best way to protect the residence (and the equity in the residence) because it is much easier to protect liquid assets (see discussion below) than real estate. The identity of the creditor refers to how aggressively the creditor will pursue the debtor's assets, and how knowledgeable the creditor is about debt collection laws. Attorneys in the United States do not usually have to adhere to a strict color code garb and can argue their cases wearing business suits.

In litigation, attorneys spend much time discovering the facts of the case to develop a "theory of the case" that integrates facts and law in a way most favorable to their client. Some creditors may stop trying to collect when they realize that there is no equity in the residence. That is a costly proposition ...
... for all creditors, particularly if the creditor is a plaintiff's attorney who is not licensed to litigate in that foreign nation. Given that the more favorable asset protection jurisdictions have a very short statute of limitation for bringing a fraudulent transfer action, require proof of intent beyond a reasonable doubt and require proof of debtor's insolvency, the creditor faces a daunting task. Alternative terms include attorney-at-law and attorney and counselor (or counsellor) at law.

The term Attorney General is used to designate the chief law enforcement officer of a state or other political jurisdiction. While a discussion of these issues is beyond the scope of this article, it should be noted that many debtors approach the fraudulent transfer analysis from a very practical perspective, as follows. With such advanced features built into modern digital cameras, it is very difficult to take bad pictures nowadays. Depending on the creditor's intelligence and aggressiveness, timing, the debtor's risk-tolerance and other factors, the strategies discussed in this article may significantly tilt the economic equation in the debtor's favor. Many believe that it refers to the techniques used to shield a debtor's assets from creditors' claims.

With this technique it is important to know the intelligence and the aggressiveness of the creditor. Over the years, this new field of law enjoyed a marginal reputation, but started going mainstream in the mid-1990s. The punishment often includes community service, including sitting on juries in upcoming cases. Other states allow indirect indications of specialization (in forms of advertisements such as "our practice is limited to .