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If you have a lease under the name of your company and you have not personally guaranteed the lease, then if your sell the assets to another company ( a new company you set up) and the new company pays 'market' value, i.e. fire sale value, then it is in good faith and the assets are transferred to the new company and hopefully they have been removed to the new company's premises and thus the landlord would not have access to the assets.
Thank you again for trusting us with your problem. Good luck and Godspeed.
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I have been in business for 13 years I have 2 years left on my contract but do to the economy I cant make my payment any more I own 3 properties but I dont want my landlord to go after my assets because I broke my lease if I but my assets in a trust are they secure
The properties are under my name and my husband but somebody was tellimg me that if I put my properties under my kids name ther no longer mine or my husbands and the landorl wont be able to go after then
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