by Mary Piasta

When we talk of asset protection, many think of bankruptcy.  But there is a social norm with this type of word preventing many from considering it seriously.  The truth is that many very wealthy individuals in our country are not so dissuaded and utilize filing for bankruptcy as a means to preserve wealth.

For example, one entrepreneur went through bankruptcy four times in his life and left a legacy including a private foundation.  For others it means wiping the slate clean to rebuild their wealth.

Historically speaking bankruptcy was a way to depart from the English precedent … Read More