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TESTIMONIALS

  •   David brought all of his many capabilities to bear in guiding our complex and...

  • I have known Howard several years. He is very knowledgeable, professional and competent in bankruptcy...

  •   David is the first lawyer I call when one of my clients needs bankruptcy-related...

  • Howard is great! He is among the very penultimate best bankruptcy lawyers and bankruptcy trustees...

  • Howard Ehrenberg is an excellent lawyer, great problem solver, has really good people skills and...

  •   David is a consummate professional and one of the most brilliant attorneys I’ve ever...

  • Howard Ehrenberg is an excellent bankruptcy attorney and trustee. He employs his sound business sense...

  • Howard is one of the most respected and experienced bankruptcy attorneys and trustees in the...

  •   David Kupetz is a very effective insolvency lawyer who seeks to find the best...

  • I have worked with Howard on cases going back to the Queen Mary bankruptcy case...

  • I worked with Howard for over a decade and know him well. He is highly...

  • Howard is a well organized, competent, and ethical lawyer. It is a pleasure working with...

  • David is one of the preeminent restructuring attorneys in California. I selected him to prepare...

  • Disposing real estate as part of a bankruptcy liquidation deals with a lot of dynamic...

  • Howard is bright, capable and conscientious. He is detail oriented and attempts to look after...

  • Howard is and always has been extremely professional and regularly accessible and cooperative not only...

  • Few professional instill as much confidence as Howard when it comes to sorting through complex...

  • I have worked with Howard for over 15 years on various matters. He is a...

  • After many years of knowing David Kupetz, I finally had the opportunity to work with...

  •   I’ve known and worked with Howard over the years and have always found him...

  • Howard was my supervising attorney when I worked at Sulmeyer. He has a great work...

  • I have retained David on several occasions to assist us with debtor-creditor matters. David is...

  • I have personally known Howard for over 10 years and we have worked together on...

  • I worked with Howard on the bankruptcy case involving the Queen Mary in Long Beach....

  •   David is an excellent attorney for those landlords needing a value orientated consultant to...

  •   David Kupetz provided a calm, sure and steady hand in coordinating and directing a...

  •   David is one of the most competent and knowledgeable bankruptcy lawyers I have worked...

  •   I have known David for about 5 years and have drawn on his expertise...

  • Howard is an extremely diligent, prudent, honest, and efficient bankruptcy trustee and receiver. I have...

  •   I have worked with David for over 10 years and on over 30 different...

  • David has been a highly effective legal advisor for companies I have represented as financial...

  • I have worked with Howard Ehrenberg on cases going back to the Queen Mary bankruptcy...

  •     I have worked with Howard Ehrenberg for over 15 years on various matters....

  •   I have personally known Howard Ehrenberg for over 10 years and we have worked...

  • While doing a turnaround, we needed bankruptcy counsel and chose SulmeyerKupetz over many others. We...

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Hiding Assets in California: David Goodrich Authors Bankruptcy Strategist Article

Over the last few years, the “asset protection” industry has grown exponentially. In his article “Hiding Assets in California,” authored for The Bankruptcy Strategist, Member David Goodrich discusses the three common asset protection tools—trusts, business entities and marital agreements—and why they commonly fail.

Though the Internet provides an abundance of advice for protecting assets from creditors and bankruptcy trustees, most asset protection advice fails to take into account the consequences of a Chapter 7 bankruptcy filing, should asset protection counter-measures be implemented. “It is important to note that nearly all asset protection tools fail because of the one-two combination of the right-hand jab of 11 U.S.C. § 548/Cal. Civ. Code §§ 3439.04/3439.05 and the left-hand upper-cut of § 522(g),” Goodrich writes.

Goodrich concludes the article by noting that to properly protect an asset in California, it’s generally best to understand and maximize exemptions, rather than to rely on dubious asset protection advice that could have serious consequences down the line.

Read full article.

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