People will go to great lengths to hide their wealth, but there is always a motivation for doing so. The following are three of the most common reasons people will attempt to hide their assets.
Hiding Assets During a Divorce
Divorce is right at the top of the list of why people hide assets. It is usually the spouse that makes the most money that has the most to lose, so he or she will attempt to hide a little or a lot of their money. They will often think there is nothing wrong with this because they were the ones that earned the money, so their spouse should not get half of it. Of course, the laws are usually different.
This is why a hidden asset search by a private investigation firm such as ours is critical before or during a divorce. We know all of the tricks a spouse will try in order to hide wealth. This money belongs to both you and your spouse, and we can find these hidden assets.
Hiding Assets after Losing a Civil Lawsuit
A lot of people learn the hard way that it is often easier to win a lawsuit than collect on it. After being awarded a judgment, you discover that there is little or no money to pay the damages. This type of asset hiding is not much different from a man or woman hiding assets from their spouse.
You will not know where to look to find these assets, but our firm can do a search that covers bank accounts, real estate holdings and a variety of other investments. Once we identify these assets, the information can be turned over to your attorney, who then can proceed with collecting on the judgment.
Hiding Assets From Creditors
When an individual owes money to one or more creditors and has defaulted on the debt, suing the borrower is always an option. Unfortunately, unless a creditor knows that there are assets that exist to pay the debt, a creditor will only incur legal fees and receive nothing for the trouble of suing.
For this reason, our private investigation firm can do a hidden asset search in order to uncover hidden wealth that can satisfy a debt. We routinely work with creditors and their attorneys with this type of asset identification work. In addition, when an individual is going through a bankruptcy, they may be hiding assets from the bankruptcy court. We can identify these undeclared assets, so a creditor can challenge the bankruptcy by bringing it to the attention of the court.
If you suspect that there are assets being hidden from you that you have a legal claim to, then contact us and tell us the details of your situation. There is no substitute for using a private investigator to look for hidden wealth. It is not only a matter of what to look for, but how to look for it, and where it is likely to be found are equally important. Assets take many forms, and they can be in far away offshore accounts, or listed under another name in the same town you live in. We can uncover them all.