Here you will find very important details and information about theProgram.  
Please review this material before you call.

Our Mission
Q1. What is the purpose of the Personal Asset Security Program?
A1. To provide a financial shield which will protect your income, assets, and bank accounts from your creditors.

Q2. Will this protect me from all my creditors?
A2. No, only unsecured ones, such as your credit card companies, banks, and bill collectors for such things as
credit cards, unsecured signature loans, hospital and doctor bills, deficiency judgments, old residence lease payments, etc.

Q3. How does the program work? Is there a lot of work for me to do?
A3. Upon entering the program, you will exchange a few emails which establish a solid and auditable paper trail.
These emails set the stage as evidence for the program. That is the extent of your involvement. The law firm handles everything else. Following this, which may take a few days at the most, the firm will file a lien against you.

Q4. If I have a lien against me, won’t that show up in my credit file?
A4. Yes, it will. That is the financial shield. The most important point to understand is that the lien we put in place for you must occupy the first position, called the Superior Position. The person or entity occupying that position is literally in charge. Any and all others (other than the government) must wait in line before they can take any actions. This includes garnishment of wages, attachment of accounts, or seizing of properties.

Q5. What if I already have a judgment against me? Will this still protect me?
A5. Possibly, but not in all cases. If, for example, a credit card company has sued you and won, there is probably little we can do to protect you from that creditor. However, you may owe on more credit cards than that one. Our protection can shield you from them. There may be situations where we can shield you from existing suits. We will need to see all your documents to make a determination.

Q6. Does it matter how much I owe or how many credit cards I have?
A6. Our fees are not based on how much you owe or how many credit cards you have. It is based on how many
individuals need protection.

Q7. Is this similar to bankruptcy?
A7. In October, 2005, there was a bankruptcy reform bill that went into effect. That bill changed the face of bankruptcy considerably. Chapter 7 bankruptcy, which is what most people used to be able to get out from under their unsecured debt load, suddenly became much more difficult to qualify for.
Unless one is destitute with few prospects, they will probably be forced into Chapter 13. That will require you to attend a credit counseling class, go through a “means test” in which a determination will be made as to what percentage of your debts you will still be responsible for. This percentage can run as high as 60% or 65%. Your income will then be the property of the court. A referee will be assigned to dole out your money depending on certain criteria. You will be left with a portion of that amount to cover your basic living expenses.
This court appointed officer will be in control of your income until your debts are satisfied. The Asset Security Program enables you to avoid bankruptcy. There will be no “means test”, no court appointed officer, and no payment plans to worry about. You will be shielded from your creditors, you will remain in charge and in control of your income and assets.

Q8. How is this financial shield put in place and how will I be in control of it?
A8. Once the initial emails are exchanged, the law firm will file appropriate papers with your state’s Secretary of State. This puts the shield in place. You will have in hand the documents you need to remove the lien at your will. You may keep it in place as long as it is needed. As the lien which is put in place shows that you have an obligation to someone else, a consideration is what happens if the party in whose favor the lien exists should attempt to collect or cause a problem. You are totally safeguarded by having the Mutual Release documents in hand. You maintain control at all times.

Q9. How long does it take to put the shield in place?
A9. Generally the lien can be perfected within 30 days or less. There may be unique circumstances which require
additional time but this is unusual. A delay will not affect the cost or outcome of the Program.

Q10. Are there tax implications to the Personal Asset Security Program?
A10. The Asset Security Program is not based on a financial obligation. If it were, should you release the lien, you would be liable for income taxes on the imputed income of debt relief. In our program, the obligation is based on the transference of a value other than money. Releasing the lien will not cause any tax liability.

ATTENTION: FLORIDA & TENNESSEE CLIENTS:
These states have imposed a filing fee on UCC1 filings – up to $0.30 per $100 value – we are forced to offer you three options. You may choose any of the three.
Option 1 – Change your residence address to another state.
There are 48 others from which to choose. I doubt many will consider this as a terrific option but for some it will work well.
Option 2 – Opt to pay the fee required for filing our standard $250,000 lien. That could add $875 or more to your fee.
Option 3 – Determine the highest liability you have to any one creditor. We will place the lien above that amount. For
example, if the most you owe to any one creditor is $30,000,
we will place a $40,000 lien. The fee for that will be approximately $120.00.

At the time of your application into the program, please let us know which you choose.