Breach of Contract and Asset Protection

Today, I met with a business owner and he may have a breach of contract lawsuit, which may get filed against him. Like many business owners, this business owner signed a contract in his personal name and business name. Thus, now, this contract may get litigated by one of the parties and unfortunately, this business owner has $200,000 in equity in his home. His wife and him own their own home worth around $400,000 with $200,000 in mortgage. Therefore, this business owner has $200,000 in equity.

If the plaintiff sues him and his business, the plaintiff will likely place a lien against his home and possibly, foreclose his home if the judgment is not paid. A key point to remember is that business owners should be concerned about asset protection prior to any lawsuits. In the above example, a private land trust titled as tenants by entirety with his spouse could prevent liens and judgments from attaching to their home.

The Robertson Law Group, LLC concentrates in representing business owners with their breach of contract litigation needs and asset protection needs. We can be reached at 312-498-6080 or 63-364-2318. Or, email us at RobertsonLawGroup@gmail.com or check out www.RobertsonLawGroup.com.

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Personal Gurantees & Lawsuit Protection (Asset Protection)

In these difficult times, many individuals and families are facing increasing litigation risks, which threaten their retirement and economic security. Increasingly, I hear business owners and real estate owners that secured business or personal loans and they personally guaranteed the loans with the bank.

Many people are unaware that legitimate planning can occur to mitigate the risks that people face from foreclosure and business loans' litigation. At the Robertson Law Group, LLC, we have an asset protection niche law practice helping middle American and high net worth families protect themselves against litigation.

The fraudulent transfer doctrine must be well-understood and planned around. The best time to do planning is prior to any lawsuits or any possible lawsuits. If you are a person, family, or business facing lawsuits, contact us immediately at 312-498-6080 or 630-364-2318 or RobertsonLawGroup@gmail.com. Even if you have a current lawsuit against you, you can at least get a second (2) opinion and we will advise you of what the law currently is and whether you have any viable options.

Sean Robertson, Attorney at Law
Robertson Law Group, LLC
312-498-6080 or 630-364-2318
RobertsonLawGroup@gmail.com
www.RobertsonLawGroup.com