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Personal Assets from Business Financial Risks

Feb 8, 2022

The debt crisis surrounding China Evergrande Group (3333) further deepens with no sign of stopping. As of June this year, Evergrande’s debt has swelled to more than 300 billion US dollars, while the interest payable on overseas US dollar debts by the end of this year alone has reached 616 million US dollars. Furthermore, Evergrand would need to repay a U.S. dollar bond payment due on October 29, as well as another $7.4 billion in onshore and offshore bonds maturing in 2022.


Handling corporate debts with personal wealth

Evergrande’s Founder, Hui Ka Yan, dedicated his life to building the company he founded into a real estate powerhouse. However, the immense wealth that he amassed throughout the years is now becoming increasingly fragile, as the Chinese authorities now urge him to repay Evergrande’s mounting debt with his personal assets.


Personal wealth lacking trust protection is vulnerable to exposure

In principle, all properties purchased in the name of an individual are defined as personal assets. If you purchase real estate in your name, your identity would expose to the public as record can be searched at the Land Registry. Consequently, your property might possibly be susceptible to enormous threats when facing creditors. Likewise, any purchases of vehicles under your name or any jewelry, paintings, or valuable items paid with your bank-issued credit card could be traced by a third party at the Vehicle Registry or in a bank transaction system without much effort.


Set up a trust to protect your personal assets

An entrepreneur can protect his personal assets from business risks by setting up a trust. By injecting personal assets in a trust structure, the legal title of his personal assets will then be held by the trust company (trustee). In addition, all trust assets are protected by laws, namely, the International Hague Convention, Hong Kong Trustee Ordinance and Recognition of Trusts Ordinance. In short, your personal assets in the trust will not be affected when the business is under financial pressure or bankruptcy risk, thereby ensuring your children’s growth and your family‘s needs.

No one can anticipate future risks, but you can foresee what kinds of personal or family assets that need to be protected. Trust is by no means the exclusive right of wealthy people. With a minimum injection of 10,000 USD in assets, UniTrust Global provides you and your family a financial safety net.


A credit card with high level of privacy (coming soon), living with your trust

While we are safekeeping your assets, you can apply for a high-privacy Mastercard (UTGL Asset Link Credit Card) issued by our affiliate company which is a non-bank financial institution. It enables you and your family to spend globally as a monthly distribution by your trustee. Combined with our FinTech blockchain trust platform, you can easily manage all cards in the main account. Your spending records are absolutely protected with high privacy. You deserve to enjoy a high level of financial privacy while your assets are protected!


Disclaimer: The content of this article is not investment advice, nor does it constitute any offer, solicitation, or suggestion for investment products. This information is for general purposes only.

The materials and information provided by Unitrust Global Limited (UTGL) on this website are for reference only. Any information we provide about how we may interpret the law or how certain problems may be addressed is provided generally without considering your specific circumstances. Such information should not be regarded as a substitute for professional advice. Independent legal or other professional advice should be sought before taking action on any matters to which information provided on this material may be relevant.

UTGL shall not be liable for any losses, damage, costs or expenses howsoever caused, arising directly or indirectly from the use of or inability to use this website or use of or reliance upon any information or material provided on this material or otherwise in connection with any representation, statement or information on or contained on this material.

UTGL endeavors to ensure that the information contained on this material is accurate as at the date of publication, but does not guarantee or warrant its accuracy or completeness, or accept any liability of whatever nature for any losses, damage, costs, or expenses howsoever caused, whether arising directly or indirectly from any error or omission in compiling such information.


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© 2024 UTGL. All rights reserved.

Disclaimer: The information provided on this website is for informational purposes only. It should not be considered legal, financial or tax advice. UTGL makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use. All information is provided on an as-is basis.


This website may contain links to external websites that are not provided or maintained by or in any way affiliated with UTGL. Please note that the UTGL does not guarantee the accuracy, relevance, timeliness or completeness of any information on these external websites.


Links to external websites are provided as a courtesy and do not imply UTGL's endorsement of those sites or their content, products or services. UTGL assumes no liability for damages resulting from the use of or reliance upon the information provided herein.

Ready to get started?

Unlock the power of trust with UTGL today. Take the first step by exploring our Trust Platform or create an account for an instantly rewarding experience.

© 2024 UTGL. All rights reserved.

Disclaimer: The information provided on this website is for informational purposes only. It should not be considered legal, financial or tax advice. UTGL makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use. All information is provided on an as-is basis.


This website may contain links to external websites that are not provided or maintained by or in any way affiliated with UTGL. Please note that the UTGL does not guarantee the accuracy, relevance, timeliness or completeness of any information on these external websites.


Links to external websites are provided as a courtesy and do not imply UTGL's endorsement of those sites or their content, products or services. UTGL assumes no liability for damages resulting from the use of or reliance upon the information provided herein.

Ready to get started?

Unlock the power of trust with UTGL today. Take the first step by exploring our Trust Platform or create an account for an instantly rewarding experience.

© 2024 UTGL. All rights reserved.

Disclaimer: The information provided on this website is for informational purposes only. It should not be considered legal, financial or tax advice. UTGL makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use. All information is provided on an as-is basis.


This website may contain links to external websites that are not provided or maintained by or in any way affiliated with UTGL. Please note that the UTGL does not guarantee the accuracy, relevance, timeliness or completeness of any information on these external websites.


Links to external websites are provided as a courtesy and do not imply UTGL's endorsement of those sites or their content, products or services. UTGL assumes no liability for damages resulting from the use of or reliance upon the information provided herein.