Equity Stripping is an asset protection technique that enables a property owner to retain title to property while stripping out and transferring to a third party the excess unencumbered and non-exempt value (the "Equity") of the property. A simple equity stripping example is obtaining a mortgage on a home.
Furthermore, because much of the equity is stripped via an ELOC, it is easier to strip the remaining equity with an equity stripping via LLC capitalization program. Finally, even if a weakened equity stripping via LLC capitalization program is used, from a creditor’s standpoint the program will only attach to the least desirable equity.
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Extinguishing financial liabilities with equity instruments Agenda decisions Tentative agenda decisions Work in progress Other information Future IFRIC meetings 2010 Past issues of IFRIC Update Accounting for production stripping costs The IFRIC received a request for guidance on accounting for stripping costs incurred in the production phase.
Equity Stripping Definition A type of home equity loan in which a disproportionate percentage of minority and elderly home owners were saddled with loans requiring high fees and high interest rates.