I am going to purchase a mobile home as my primary residence. My credit has been ruined because of a health crisis. (I’m in position to repair my credit this year.) I currently have some credit card debt, a judgment against me, owe the IRS back taxes, and have an IRS lien on my vehicle. I’m concerned that these may somehow jeopardize my mobile home. (I don’t know how – that’s why I’m here.)
I know a lien will apply to all future property that I may own. And credit card debt could eventually result in judgments and liens. But what if I purchase this mobile home via my LLC and/or a land trust? Would that provide any asset protection? Any suggestions would be greatly appreciated.