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Re: Pre-Judgement Seizure (Important)


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Posted by Keyser Soze (205.188.209.144) on January 09, 2004 at 09:06:25:

In Reply to: Pre-Judgement Seizure (Important) posted by BallsInVise on January 09, 2004 at 02:07:10:

Creditors have a tough road to hoe before they secure a pre-judgement seizure, the counsel regarding money in the bank as at risk is important in light of fact creditors cheat. They will say and do anything to illegally seize your assets, many times they don't have to work at it as they've a 'friend' in Judge Cracker, old dog track chum of CA attorneys.
Drain accounts, consider a Family Limited Partnership, if you want to go hardcore then incorporate the general partner of the partnership to provide another layer of protection. This is all costly yet may be worthwhile depending upon magnitude of your assets.
If convenient, you can always incorporate in the Bahamas, the six year waiting time for a court hearing will outrun most statutes. Plus what hog-plop CA wannabe lawyer wants to chase you over there? Might interfere with their appointments after-hours at the local crack-house.
Meantime, fight hard right away. Best defense is always good offense. Don't let them get a judgement. Fight them, answer all suits, bust them back hard, cost them money. These lazy cynics want money the easy way. Many on this board will tell you the more you fight the more likely they are to leave you be and move along to the next easy hit.

Offensively,

Keyser Soze

"Now this sewing machine, it sew so fast,
It sew ninety-nine stitches in his
yes, yes, yes."
- c. 1948, 'Blind Blake',
local Nassauvian Calypso artiste.

PS - on subject of asset protection check out Adkisson Group, or Quatloos.com. Have read their on-line info and run it past good local counsel, all most informative. Whatever you do stay even further away from 'offshore trusts' than you would from some B.O. reeking CA lawyer.
Why? Well, once the asset protection instrument of choice, now they're targeted by the IRS, DEA, among others. They are costly and unwieldly. FLP's are legal in all states and are considered the asset protection instrument of choice for 'small' i.e. < 250K portfolios. A good local lawyer can do this for you, stay away from the sharks who advertise their services, they generally sell armor made of tissue paper. Not good on judgement day.

K.S.





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