An Asset Unprotected

Wasson and ThornhillAsset Protection

Usually everything you own is exempt (protected). But what happens if you own an asset that is not exempt? What does the trustee do?   Chapter 7 is the “liquidation” form of bankruptcy. But in our last blog post we introduced the bankruptcy trustee as an only sometimes liquidator. That’s because in most Chapter 7 cases nothing gets liquidated. Nothing … Read More

5 Kinds of Special Assets

Wasson and ThornhillAsset Protection

Here are five ways that bankruptcy can involve assets you used to own, may own in the near future, or you own only a share of.