forming a corperation vrs bankruptcy
Hello, I lost 2 houses 3 years ago,
I live in michigan. I had $10,000 in debt and no listed amounts owed when I lost my homes 3 years ago.
FOR the same price I can place my new home which I bought on land contract in ( A CORPERATION )
and ALL my assets which are 100 DOMAIN names worth $20,000
AND some land value $10,000.
REASON I am forming a delware corperation is NO body has contacted my from my old debt and
to be blunt it THE ASSETS ARE now in the corperatoins name.. my C corp will now own all these assets.
DOES ANYONE FEEL a collection company or lawyer can get a garnishment, LEVY or any assets that are involved with a 1031 tax exchange in the c-corps name….
or is this a matter of a court can force liquidation of these assets or help to place liens on them… or somehow force the domain name company to turn over the assets for the judgement and the land to
place a lien on that… but I dont own it is my question… I know this is written in long form but it’s involved question wise thanks