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Duffy's Spouse | 244 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Duffy's Spouse
Authored by: DieterWasDriving on Thursday, May 23 2013 @ 04:30 PM EDT

The Prenda crew knows the standard tricks:

Put the accounts in your wife's name. Requires getting a wife if you don't have
one.

Sell your houses, especially vacation houses. Buy a house in Florida, where
your primary residence is protected against creditors, judgements and
bankruptcy.

Put your revenue in a client trust accounts. Pay yourself from a trust account
only a little more than is needed to let the next check clear. A creditor will
eventually give up if they only collect $25-$50 each time they clear out the
account.

These are well known techniques. I'm sure that we could find the obscure tricks
if we scrutinized what the Prenda guys are doing.



[ Reply to This | Parent | # ]

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