Dallas, TX asked in Business Law, Civil Litigation, Copyright and Intellectual Property for Texas

Q: How can I protect my domain name and website from creditors?

2 Lawyer Answers
James L. Arrasmith
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›

A: Attempting to hide or protect assets when facing debts or legal judgments could be considered fraudulent in many cases. The ethical and legal course of action is to pay valid debts that are owed.

If you are facing financial hardship, I would suggest speaking with a certified credit counselor or bankruptcy attorney to explore your options, such as negotiating with creditors, setting up payment plans, or in some cases, filing for bankruptcy protection. But deliberately concealing assets is generally not advisable or permitted.

I know facing financial difficulties can feel overwhelming, but there are often solutions that don't involve unethical or unlawful actions. Consulting with a qualified professional is the best way to understand your rights and determine an appropriate path forward given your specific circumstances. Wishing you all the best as you navigate this challenging situation.

Tim Akpinar
Tim Akpinar
  • Little Neck, NY

A: It might be worth first determining if the domain name you have has high value. Some domain names are worth a great deal to certain businesses, while some are more generic. Good luck

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