4 Things You Need To Do Before Trying to Recover Assets

Locating and recovering assets is one of the services a professional private investigation firm offers to the public. There are many reasons why you may be looking to recover assets, but before you go down this road, there are a few things you need to think about.

1. Evaluate your true needs.

Asset recovery is just one job that a private investigator does, but there may be other work you need done at the same time. For example, if you are looking at the possibility of garnishing the wages of a debtor, but do not know where they are working, we can find this information out. We can also get an idea of how much money they are worth so you can decide whether the legal expenses will justify the amount of money you may be awarded in a judgment.

2. Determine the level of service needed.

Private investigation firms, such as ours, offer various levels of asset searches. The more time and resources used by a private investigator, the more comprehensive the search will be. You may only be looking for a basic search of an individual’s assets to determine whether a lawsuit will be financially worth the effort. Or if you suspect that a person is hiding assets intentionally, then you may want to choose a high level exhaustive search.

3. Decide how far to take your search.

Where a search for assets is done will affect both the cost as well as the time it takes to complete the search. State and local searches are the fastest, while searches done on a national level or across multiple state lines can take longer. The most difficult and expensive asset search is usually a search done internationally for offshore accounts and other assets that are not apparent when looking only in the Untied States.

4. Calculate how much you are looking to recover.

This can be difficult to figure out and there is no reason to think about a maximum amount. All you need to calculate is the minimum amount of money you are looking to recover. It is easy enough to get a quote for an asset search from our firm, but we also recommend you get an idea of the legal costs from an attorney in case you need to pursue the case in court.

After determining the combined costs of investigation and attorney fees, you should be able to come up with a number for the value of the assets you are looking to recover. It is not always worth pursuing an asset search and recovery especially in the case of a smaller debt.

If you are owed money but cannot identify assets to collect on, our investigation firm can help you. Whether you have a legal judgment to collect on, are going through a divorce, contemplating a lawsuit or simply attempting to collect on a debt, we have the skills and resources to locate assets, hidden or not.

Take time to consider the things mentioned above and then contact us so we can determine a course of action.