Give your dreams wings to help them soar high and let them come true with unsecured personal loans.
Finance can pose a big hindrance in the path of attainment of one's wishes and desires. But with unsecured loans you can now remove this hurdle in an effective way.
Unsecured personal loans have helped millions of Brits in UK to accomplish their goals with easy financial solutions. These loans are much preferred by people, especially young adults, all over UK.
Added to this is the fact that more and more people in UK are searching for loan options in the internet. In fact, around 11% of the total unsecured personal loans availed in UK is through online lending arena. Britons are taking unsecured loans mostly to meet financial requirements such as debt consolidation, home improvements and vehicle purchase.
Where can you find unsecured personal loans?
You can search for unsecured personal loans by checking out the high street lenders and lending institutions of brick and mortar. You can also go bank hopping in search of your desired loan.
On the other hand, you can search for unsecured loans the way many Brits are searching – that is online.
Application for loan has become much easy and quick with the help of internet. You need to click on unsecured personal loan, fill up a simple application form and hit submit. Then within few minutes, you would be provided several options from the lenders.
Then you have to research a little bit on the specifications, terms and conditions of each of the offer and select the one that best suits your requirements as well as pocket.
Applying online for loans is fast catching up and it is the latest trend in UK. There are more consumer friendly features coming up at a furious rate that give borrowers an advantage.


Nevis LLC (Foreign LLC) Protects Assets & Avoids Fraudulent Conveyance
This is a letter in response to a reader regarding offshore limited liability companies (aka Foreign Limited Liability Company or FLLC) in asset protection planning and specifically addresses issues surrounding the Nevis LLC.
Re: Using Offshore Limited Liability Companies for asset protection planning, specifically addressing – "fraudulent conveyance."
Dear Rick (not their real name),
You have asked me about the importance of using Foreign Limited Liability Companies (FLLCs) in certain circumstances where one of the members may be under attack by a creditor and the possible "fraudulent conveyance rules" bearing on the transfer of underlying assets.
It's really a justice system run amuck. In America, we have a highly unusual judicial system. There are contingent-fee lawyers who act like predators and there are judges and juries who act like Robin Hoods, determined to redistribute your wealth. The statistics are astounding. Did you know that you will be sued more times than you will have a hospital stay?
Our judicial system helps them by making it easy for plaintiffs to sue you. Plaintiffs and their lawyers can and will sue you for just about anything they can dream up and the plaintiffs don't need to pay their lawyers in advance. They will work for a percentage of whatever they can squeeze out of you.

Any clever, contingent-fee lawyer can successfully cast you as the villain. You are the "greedy rich" at the expense of working stiffs and the judges and juries are out to balance the wealth to the so-called "poor".
ON THE NEVIS LIMITED LIABILITY COMPANY AS A FOREIGN LLC
At a time when offshore trusts are under a magnifying glass, some clients and their U.S. financial planners are looking for alternative strategies. One such strategy may involve the use of Foreign Limited Liability Companies (FLLCs) for absolute asset protection and strengthened wealth preservation. I’m presenting to you the use of a "Nevis Limited Liability Company" as the preferred "legal entity" alternative because of Nevis’s strong asset protection legislation against fraudulent conveyance.
Nevis is an offshore island in the eastern Caribbean Sea consisting of Saint Kitts (Saint Christopher) and Nevis. Nevis became independent from the United Kingdom in 1983. Under the Nevis Business Corporation Act (the ACT) of 1984, tax holidays are provided to all companies that carry on business outside its tax-haven jurisdiction. Major banks such as Barclays International, Royal Bank of Canada, and the Bank of Nova Scotia are located in Nevis with excellent banking facilities and wire transfer services.
THE LIMITED LIABILITY COMPANY
All 50 American states have adopted Limited Liability Company (LLC) legislation and many foreign jurisdictions including tax-free Nevis, are familiar with this legal entity. The LLC is a hybrid of the limited partnership and the corporation. A limited partnership is comprised of a general or managing partner, and a group of investors or limited partners. The appeal of an LLC stems from the fact that it will be treated as a partnership for tax purposes, while still providing its members with corporate-style protection from liability.
The problem however, as with any United States legal entity, is the application of "fraudulent conveyance rules" for any asset transferred while an existing or potential creditor could possibly under even the most unusual circumstances place a claim, as frivolous as it could be. The U.S. courts have been extremely sympathetic, as they have time and again enforced equity over legal precedence.
THE NEVIS LLC COULD AVOID FRAUDULENT CONVEYANCE
What distinguishes the Nevis LLC from the American LLC is the pro-debtor approach to its legislation. Where a member has an existing creditor, for example, Nevis LLC legislation allows the member to place assets into the LLC and avoid a claim of "fraudulent conveyance" if the member's interest remains proportionate to the contributed capital.
Under such circumstances, Nevis legislation would treat the conveyance as a fair market value exchange, which would not be caught by Nevis laws on fraudulent transfers.
This dilution strategy can provide additional protection of the debtor-member's assets. Under this strategy, other existing members would undertake to contribute proportionate shares to the LLC at some future date. This would leave the debtor-member with a minority interest in the LLC, even though he or she contributed all or most of the LLC's present assets.
In the United States, the courts may, based on case law, say that such transfers impair the creditors and is therefore equivalent to a fraudulent conveyance.
In Nevis, however, there is no room for judicial interpretation as the law is set out in the legislation. "Investing in a properly engineered Nevis LLC is not a fraudulent transfer, and not challengeable, even when made against an existing creditor."
A CHARGE ORDER AGAINST A NEVIS LLC
An additional advantage of the Nevis LLC is that the only remedy available to the creditor of a debtor-member is to obtain a charge order against the member's interest in the LLC.
This charge order would give the creditor certain rights to the profit or liquidation proceeds of the LLC, but would not entitle the creditor to seize the LLC interest of the debtor-member.
A properly engineered Nevis LLC will delegate all important duties to the managing director, who acts in a similar capacity as a managing "member." An operating agreement would require the unanimous consent of all the members in order to replace the managing director. A creditor would not, therefore, be able to obtain a court order to force the replacement of the managing director.
FOREIGN LIMITED LIABILITY COMPANY & IBC ADVANTAGES
Common to all Foreign Limited Liability Companies (FLLCs) and Foreign International Companies (IBCs) are the dedication to business use outside the incorporating island jurisdiction. Bearer shares are permitted in some jurisdictions. In other words, one person may act as the sole shareholder/director/officer and does not have to reside within the country of jurisdiction.
In "Bearer Shares," he who owns the shares (undisclosed) owns the company. Shareholder meetings, corporate records, accounting records need not be kept within the country of jurisdiction. It’s entirely possible that the identity of the shareholder/director/officer may never be disclosed to the government or any potential creditor.
A secondary reason why noted people like Michael Jackson and others do business using foreign legal entities in tax haven jurisdictions is for the unbending asset protection and wealth preservation and uncomplicated legislation. Creditors and their very clever contingent fee-lawyers cannot seize, lien or investigate bank records in tax haven jurisdictions due to strong bank secrecy laws.
All of the largest banks in the world have to go through the local courts. Judgments are not enforceable in non-United States jurisdictions. U.S. contingent-fee lawyers and their clients have a significant jurisdictional problem: only citizens of the tax haven jurisdiction can practice law.
U.S. lawyers or their clients will have to hire a local law firm and pay up-front legal fees, post bonds, pay court costs, and pre-pay other expenses to pursue their claims. Generally speaking, the local authorities frown upon foreign-generated claims and judgments.
While International Business Companies (IBCs) and offshore trusts are still preferred by planners, the Nevis Foreign Limited Liability Company is potentially the strongest asset protection devise that can be implemented, even under the creditor’s very nose and still avoid "Fraudulent Conveyance."
Rocco Beatrice, CPA, MST, MBA, Award-winning trust & estate-planning expert. 71 Commercial Street #150 Boston, MA 02109 toll-free: 888-938-5872
Watch a FREE video & learn how you can reduce your taxes, protect your assets & secure your privacy. Free consultation. No Obligation, no risk, no sales pressure. Read more articles on: Irrevocable Trust, Asset Protection, Estate Planning, Why is Offshore Asset Protection Good


Frivolous lawsuits: Why are they so prevalent?
ASSET PROTECTION is the concept of protecting and preserving one’s assets from frivolous lawsuits designed to primarily destroy your current and future lifestyle.
Let me put it another way, up to now, you've probably worked very hard to get where you are. But my guess is that you've worked too hard, endured too much stress ... and for what? It can all evaporate before your very eyes because of of one or any frivolous lawsuit.
One of the fastest growing businesses in America is an army of contingent-fee lawyers. Did you know that 80% of total world's lawyers are in the United States and 130,000 new students are currently attending law school?
Of one well-known and notable frivolous lawsuit that I can recall is the woman who was awarded $2.3 million in a suit against McDonald's because she spilled hot coffee all over herself. (The Award was later reduced but not eliminated).
Here is an actual account of a frivolous lawsuit: while driving to an appointment, one of the employees remembers he needs to contact a coworker regarding a meeting. He dials the number on his cell phone, and briefly takes his eyes off the road. In that instant, a vehicle in front of him shifts lanes, and he strikes it, seriously injuring a 78-year-old woman. Under exactly this scenario, a jury awarded a $21 million judgment against Dykes Industries of Little Rock, Arkansas.
PREDATOR-PLAINTIFFS FILED 30 MILLION NEW LAWSUITS LAST YEAR
That's over 82,000 lawsuits per day and the number keeps growing! Opportunists make careers out of filing lawsuits, knowing that the expense of defending against these attacks is so high, a settlement will likely be offered.
How Opportunists Find Out You're Worth Suing. Your bank, brokerage and credit card transactions provide a remarkably detailed account of who you are, what you own and even describe or provide insight about your opinions, interests, ideology and religion. These records may be subpoenaed in a lawsuit and used against you.

Like or not, your life has become an open book. Literally, you have NO financial privacy. I don't mean to alarm you but the information that is recoverable about you and your family is frightening. The truth is just about everything you might want to keep private - details of your bank accounts, your phone records, medical records, credit reports and even your Social Security number can be viewed by anyone, anytime - for "the right price."
The United States has some of the most relaxed privacy laws in the world. Information about you is bought, sold or shared without your knowledge or consent every day. You can slow down this trade in your data, but you can't stop it.
WHY FRIVOLOUS LAWSUITS ARE SO PREVALENT IN AMERICA TODAY
In 2004, more than nine million Americans had their identity stolen and approximately 1.8 million were sued. For a few dollars, you can perform a search on the Internet to locate your target's home address, work history, and telephone records and even balances in U.S. securities and bank accounts.
Most other countries regulate this trade in information much more strictly than the United States. And in countries with bank secrecy laws, it means that this kind of financial information can never be shared, except under stringent conditions. Information about you, your wealth, your home and everything in it is for sale to the highest bidder.
For example: Computers have become valuable digital assistants. But they may also contain sensitive information about your finances, spending habits and personal life. In the wrong hands, these little facts could not only embarrass you but could be used against you in court.
IDENTITY THEFT: CAUSE OF AMERICA'S LAWSUITS?
Identity theft is the fastest-growing crime in America. In 2005, at least 130 reported security breaches exposed more than 55 million Americans to potential ID theft. In 2006, I.D. theft was spiraling out of control. In 2006, more than 30 million Americans have had their personal data potentially exposed to identity thieves.
STATISTICS ON IDENTITY THEFT
May 22, 2006: 26.5 million military identities exposed when a laptop was stolen from a U.S. Veterans' Administration employees' home.
June 1, 2006: 1.3 million customers exposed. The Texas Guaranteed Student Loan company announced that 1.3 million customers were at risk of ID fraud after a contractor lost unspecified "computer equipment."
June 6, 2006: 72,000 identities exposed. Officials with Ohio's Buckeye Community Health Plan notified authorities that four computers were stolen containing 72,000 Medicaid subscribers' personal information.
June 8, 2006: 65,000 identities exposed. The YMCA announced that a laptop stolen from an office in Providence, R.I. held credit card and SSN's, checking account data and names, addresses and medical information.
June 18, 2006: 970,000 identities exposed. Insurance giant AIG announced that it lost personal information of about 970,000 consumers after a burglary in Midwest.
PROTECTION FOR LAW AGAINST FRIVOLOUS LAWSUITS
And forget about the protection of the law. In many cases, the law seems like it's on the side of those who would steal from you!
Did you know these facts?
- If you loan a vehicle to a friend who injures someone or damages his property, you can be sued.
- If you lend money to someone to purchase a vehicle, you may be responsible for any damages or injuries that person causes in an accident.
- If a guest in your home does something illegal during their stay, your property can be seized. And you're not innocent until proven guilty in such cases; rather, it's up to you to prove your innocence, or lose your property
WHY ARE FRIVOLOUS LAWSUITS SO RAMPANT?
You didn't hang a 'GET LOST' sign around your wealth.
It's a justice system run amuck. In the United States, we have a highly unusual judicial system. Contingent-fee lawyers act like predators or armed street gangsters. Judges and juries act like Robin Hoods, determined to redistribute your wealth. Statistics are staggering: you will be sued more times than you will have a hospital stay.
And what's outrageous is that our judicial system helps them by:
(1) making it easy for your predator-plaintiffs to sue.
(2) predator-plaintiffs and their lawyers will sue you for just about anything they can dream up; and
(3) plaintiffs don't need to pay their lawyers in advance. They will work for a percentage of whatever they can squeeze out of you.
The Trap has been set! Clever gold-digging lawyers have been successful in casting you as the villain. You are the "greedy rich" at the expense of working stiffs. Judge and juries are out to get even.
It’s always about "the money!" Lawsuits have become the plaintiffs' number #1 negotiating strategy. Lawyers have learned that for the $175 court filing fee, one of two things will likely happen:
1. Either you give them money to go away. Or else,
2. They’ll keep you tied up in court for 2 to 5 years and then the jury will give them your money. In either case, the money comes out of YOUR POCKET.
That's their strategy and it works every time. Sure you may win your case but at what price? You could win yourself all the way into the poor house. To win your case, you could easily pay six figures to your law firm (beginning with $5,000 to $15,000 retainer and $350.00 per hour).
So even if you win, you lose.
For many self-made, hard-working citizens, the "American Dream" can become the "American Nightmare." Exorbitant taxes, lawsuit-friendly courtrooms, persistent predator plaintiffs, and contingent-fee clever lawyers are a constant threat to everything you've worked so hard to accomplish. It could all evaporate before your very eyes.
Common traits shared by plaintiffs' lawyers and armed street gangsters:
They love money.
The more they stand to gain, the better they like it.
They love to gamble.
They don't mind losing cases now and then, because the winners far more than pay for the losers.
They love to fight.
They don't mind wrestling with your lawyers for years in an effort to see who comes out on top.
They love to control.
They will gladly spend weeks in depositions asking you tough questions so they can show you who's boss.
WHERE FRIVOLOUS LAWSUITS CAN ARISE?
Who can't wait to sue you? Just about anyone you can name. A partial listing, but not all inclusive:
EMPLOYMENT LAWSUITS ARISING FROM:
- Age discrimination
- Racial, Gender
- Religious
- Pregnancy
- Disability
- Mental illness
- Addiction discrimination
- Sexual harassment
- Peer harassment
- Gossip among employees
- Job references (good or bad)
- Whistle blowing retaliation
- Wrongful termination
- Negligent employee retention
- Releasing medical information
- Unequal mental vs. physical health coverage
- Employee injury from chemical exposure and the list goes on
PROFESSIONAL MALPRACTICE LAWSUITS ARISING FROM:
- Medical malpractice
- Legal malpractice
- Psychological malpractice
- Engineering malpractice
- Architectural malpractice and much more
BUSINESS LIABILITY LAWSUITS ARISING FROM:
- Environmental cleanup liability
- Products liability
- Shareholder liability
- Securities fraud
- Liability of outside directors
- Liability from unsatisfied customers
- Personal injury when a customer drinks too much and hurts someone
- Personal injury when a customer slips and falls and much more
PERSONAL LAWSUITS ARISING FROM:
- Divorce
- Lawsuits by children
- Lawsuits from business partners
- Creditors claims
- Accidental injury caused by a family member
- Pregnancy (your son gets a girl pregnant)
- Personal injury caused by a drinking guest
- Personal injury when a guest slips and falls and much more
THE KEY TO AVOIDING FRIVOLOUS LAWSUITS
So the key to preventing and minimizing lawsuits is NOT TO OWN ANYTHING IN YOUR NAME. The key to protecting your assets is to make sure predator-plaintiffs and their gold-digging lawyers can't get their hands on your money. When plaintiffs' lawyers discover they can't get your money, they won't waste any time trying. If they can't get anything, they will get 1/3 of nothing. They can and will find someone else to sue.
Question: Which do we need more -Doctors or Lawyers?
Answer: The American Medical Association lists a total of 650,000 licensed doctors in the U.S. and with approximately 67,000 medical students in school.
Take a look in your own telephone book yellow pages. There are approximately 950,000 lawyers with approximately 130,000 attending law schools. Most of them live on a contingent-fee basis. Don’t become a statistic. Learn from other people's mistakes. Learn to become every contingency-fee lawyer's nightmare.
I urge to start planning today and start planning for solid asset protection and wealth preservation strategies. Then implement your plan. I always say it's better to do something than nothing. If you do nothing then you're a bulls-eye target for these lawyers and any frivolous lawsuit they can dream up of.
Rocco Beatrice, CPA, MST, MBA, Award-winning trust & estate-planning expert. 71 Commercial Street #150 Boston, MA 02109 toll-free: 888-938-5872
Watch a FREE video & learn how you can reduce your taxes, protect your assets & secure your privacy. Free consultation. No Obligation, no risk, no sales pressure. Read more articles on: Irrevocable Trust, Asset Protection, Estate Planning, Foreign Limited Liability Company