Protecting Your Assets During Bankruptcy
Your Property, Bank Accounts & Investments Can Be Shielded
Asset protection is often the top priority for many of our clients. Many are burdened by debt and unable to pay all of their bills and are considering bankruptcy or looking for options to avoid bankruptcy. There are many options available.
Our bankruptcy lawyers have extensive knowledge related to asset protection and may be able to help you protect your possessions, including your home, business, automobiles, and other properties. Unless you are an attorney focused on this area of the law, you may be unaware of all of your options.
After we collect the details of your case and determine which assets may be protected from your creditors, we will create a legal strategy tailor-made for your situation, aiming to stop asset liquidation or foreclosure. With the help of experienced lawyers, you can aggressively fight to protect your assets.
Contact us for a candid and confidential consultation about protecting your assets. Call or contact Weintraub Zolkin Talerico & Liu LLP online.
Will I Lose All My Assets & Properties in Bankruptcy?
Bankruptcy does not mean that you will lose all of your property. In fact, compared to unpaid bills and risking foreclosure or repossession, bankruptcy is often a very attractive method for asset protection. Many clients equate bankruptcy with the liquidation of their property including their home, investment properties, business inventory, or any other individual, family, or business assets. This is often a misconception about bankruptcy.
Options to Protect from Losing Your Assets
Our asset protection attorneys in Los Angeles have nearly seven decades of experience helping businesses, individuals, and families protect their assets in some of the most complex financial challenges. While we are adept at finding alternatives to bankruptcy for many of our clients, we also have the resources and experience to guide our clients through the bankruptcy process and defend their assets and property. We have a long history of success in helping clients throughout Los Angeles with asset protection in bankruptcy.
We can help you explore options for either bankruptcy or an alternative that can meet your asset protection goals, including:
- Loan restructure or mortgage renegotiation
- Formal debt reduction negotiation with creditors to protect from foreclosure or repossession
- Out-of-court business debt workout
Forming a limited liability company or family limited partnership to protect your individual, family, and business assets
Effective use of bankruptcy exemptions during the bankruptcy process, such as equity reduction of an asset or asset conversion
No matter how challenging your situation may be, we have the resources and experience to identify solutions.
Explore All Your Options Today
If you are concerned about losing your assets in bankruptcy or wondering what type of strategies you can utilize to protect your assets, call our team. We can help you understand your options and create a plan for you.
Schedule your consultation upon request with our team to learn more.
