One very common concern and question during times of economic hardship, like the recession many believe we are now entering due to the Coronavirus, is “Is my money safe in the bank?”. Asset protection attorney Ike Devji provides the basics in a recent article for Physicians Practice. Among the basics covered: What is FDIC Insurance? […]
Personal Guarantee Insurance for Doctors, Investors, Business Owners
Personal Guarantee Insurance for Doctors (and everyone else) Source: Physicians Practice Non-medical business exposures that threaten doctors’ financial solvency continue to grow in scope and number. This week we take a look a relatively new type of risk-management product: Personal Guarantee (PG) Insurance. We’ve covered both exposure related to residential and commercial real estate debt […]
What Could Bravo’s ‘The Queen of Versailles’ have to do with Asset Protection?
Quite a bit actually as it shows the stupidity of reckless excess spending, the importance of having cash (even for the rich) and the failure of most contemporary estate planners and business lawyers to plan ahead and think defensively, yes even the super smart ones who work only with rich people. – Ike Devji […]
DEBT RESTRUCTURING WITH NEW COLLATERAL FRAUDULENT TRANSFER?
HOW CAN A DEBT RESTRUCTURING WITH NEW COLLATERAL POSSIBLY BE A FRAUDULENT TRANSFER? ANSWER: LIENS MAY BE SET ASIDE AND DEBT PAYMENTS DISGORGED IF THE PARTIES PLEDGING THE ADDITIONAL COLLATERAL DID NOT RECEIVE VALUE REASONABLY EQUIVALENT TO THE OBLIGATIONS INCURRED. You would think that curing a $2 billion loan default, restructuring loans and preventing further […]
Current FDIC Deposit Insurance Coverage Limits – Asset Protection and Your Bank
FDIC Deposit Insurance Coverage A common and reasonable question we get from clients is on the safety and solvency of their bank and what exactly is protected by FDIC insurance limits and for how long. The current limits were created in 2008 to prevent a run on the banks due to economic panic. The placebo worked, […]
