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Asset Protection Asset Protection

Protecting Your Assets

Rich or poor, young or old, asset protection is a good idea. The U.S. is the most litigious country in the world and odds are you will be sued more than once in your lifetime. With so many things outside of our control—such as someone falling and injuring their self on your property—why not do everything you can to protect the assets for which you have worked so hard?

Asset protection can also make the difference between whether someone decides to sue you at all. One of the first things an attorney will do if they are thinking about suing you is an asset search. This helps them determine whether suing you is likely to result in a judgment they can collect on, and justifies the cost of the suit and enforcement.

As I have said before, debt collection is business, not personal.

The good news for you is that the majority of judgments are uncollectable (estimates put it at around 80%). This isn't because there is anything wrong with the judgments, but because enforcing a judgment can be very difficult for the collector.

Let's find out why, and what you can do to become high-hanging fruit!

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