But is it ethical to implement strategies to protect property from liens, bank accounts from levy, and wages from garnishment?

Our answer . . ." It depends on the situation." We don't advocate the protection of assets from government authorities. We also would not suggest it for people who are trying to avoid child support.

We do, however, often recommend asset protection companies to clients who have been abused by collectors of unsecured debt. For example, credit card companies have recently raised interest rates to 30% + for no reason at all. They justify their actions by saying that cardholders were late on one payment, or they have a low credit score, or they have excessive debt, or their debt-to-income ratio is high, etc.

We have seen payments almost double when one credit card company elevated interest rates and the others followed. Many people, who have always paid their debts on a timely basis, are facing bankruptcy as a result of unethical behavior by credit card companies and other creditors. (this author would be happy to provide many other examples, and share many stories of abuse if you will contact him via telephone or email)

We feel in cases of abuse, it is ethical to level the playing field against creditors of unsecured debt. But please be advised - the asset protection companies we recommend do not advocate back dating documents, hiding assets offshore or in trusts, transfering properties to other people, or any other strategies that are not lawful.

Contact us by calling (615) 622-7368 ext. 10885