Can restructuring protect my assets?
Yes, there are a number of ways to protect your assets. If you are a proprietor you could transfer your business to a company and your personal (non business) assets would be protected subject to any personal guarantees you might have to give. If you run your business through a company then you could use a holding company. The profits of your active company are paid to the holding company out of reach of your creditors. If the operating company needs funds the holding company can loan the money to your operating company and take back security over the operating company’s assets. The holding company can be set up after the fact depending on certain criteria being met. Your operating company must have sufficient “safe income” to allow for this to occur.