Common Types of Creditors

The United States is an extremely litigious society with result-oriented judges and juries frequently ruling in favor of the creditor plaintiff.  The judgments have the potential to bankrupt both businesses and individuals, the litigation is costly and winning may only amount to a pyrrhic victory.  Therefore, limiting your liability through asset protection planning greatly reduces your personal and business exposure to the many risks associated with living in the United States.  The following is a sample of the different types of creditors likely to be on the other side of the lawsuit: Tort creditors A tort is defined as an act that injures [...]

By |June 3rd, 2016|Categories: Asset Protection|Tags: , , |
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