Asset Protection and Creditor Proofing

Welsh Law Asset Protection and Creditor ProofingTwo phrases with essentially the same meaning (like: passed away/dead) but with significantly different  connotations and intentions (although ‘intentions’ form a large part of the distinction, the intentions are often merely concluded rather than fully evidenced).

Nevertheless, “asset protection” is designed to be a way through various  alternative vehicles to protect an asset, sometimes forever and sometimes for a while, from the grasp of a creditor.

There are legislatively protected  vehicles in Canada into which money or assets may flow which cannot be made to cough up that money even by court order.  On the other hand there have been many instances where an asset owner transfers that asset to a third party at the time the transferor had no debts, then after the transfer, he legitimately developed creditors who seek to bring the asset to within their  legal grip.

To discuss either full or limited asset protection, please feel free to contact us on our confidential email.

Peter’s Blog

Often the use of a Corporate Lawyer comes about as a result of challenges in business situations. Peter’s blog has been created to demonstrate the range of business situations that require the introduction of a corporate lawyer early in the process to prevent the often complex problems businesses find themselves in. Short succinct examples on asset protection, estate planning, succession planning and a variety of other matters will be addressed interspersed with some fun tongue and cheek responses to the media on issues of corporate law. Enjoy!

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