{"version":"1.0","provider_name":"Arizona LLC Law","provider_url":"https:\/\/www.keytlaw.com\/azllclaw","author_name":"Richard Keyt","author_url":"https:\/\/www.keytlaw.com\/azllclaw\/author\/1llclawyer\/","title":"Court Finds Visit to Asset Protection Attorney is Evidence of Intent to Hinder or Delay Creditors","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"XxHTsvN3uA\"><a href=\"https:\/\/www.keytlaw.com\/azllclaw\/2017\/11\/asset-protection-attorney\/\">Court Finds Visit to Asset Protection Attorney is Evidence of Intent to Hinder or Delay Creditors<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.keytlaw.com\/azllclaw\/2017\/11\/asset-protection-attorney\/embed\/#?secret=XxHTsvN3uA\" width=\"600\" height=\"338\" title=\"&#8220;Court Finds Visit to Asset Protection Attorney is Evidence of Intent to Hinder or Delay Creditors&#8221; &#8212; Arizona LLC Law\" data-secret=\"XxHTsvN3uA\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.keytlaw.com\/azllclaw\/wp-includes\/js\/wp-embed.min.js\n\/* ]]> *\/\n<\/script>\n","description":"The 9th Circuit Court of Appeals issued an unpublished opinion dated September 8, 2017, in a case called In re Ellison in which the Court issued a warning that consulting with an asset protection attorney can be evidence that a debtor&#8217;s actions were taken to hinder or delay creditors.\u00a0 The case involves a man named Joseph Ellison who while facing the possibility of a large award for damages against him made several transfers of assets that the court found to be done to hinder or delay his creditors. Ellison was terminated by JP Morgan.\u00a0 The parties became involved in an arbitration in which JP Morgan asked the arbitration panel to award it $750,000 for a loan made to Ellison that he had not repaid.\u00a0 In January of 2014 Ellison met with an asset protection attorney, but terminated the representation after the first meeting. On June 3, 2014, the arbitration panel found that Joseph Ellison owed JP Morgan $790,000.\u00a0 Ellison took the following actions: In May of 2014 he transferred $18,000 to his wife&#8217;s law firm bank account. Shortly after June 3, 2014, he transferred $51,000 to his wife&#8217;s law firm account and $121,000 to a corporation owned 100% by Ellison.\u00a0 He later shot himself in the foot by testifying that he transferred the money to protect his family and prevent his creditors from getting it. Less than a week after the negative arbitration award Ellison paid his lenders that held first and second liens on his home $41,000 and $11,000, respectively.\u00a0 Again he shot himself in the other foot by testifying that he made the prepayments to protect his family and prevent his creditors from getting the money. Shortly thereafter Ellison made four transfers of [...]"}