Cases involving finances, debt collection and fraud require the extensive investigation of financial statements and assets involved in the case. Asset investigation service helps attorneys create a solid case that facilitates property reclaim or debt collection.
Fund Capital America offers asset investigation services that trace and identify various assets including real property, automobiles and bankruptcy filings. This blog post will explain everything you need to know about asset investigation services.
Asset search or an asset investigation service involves tracing and identifying a person’s assets, properties or net worth. Generally, this investigation uses professional monitoring to uncover hidden assets or verify financial data.
the defendant’s properties. Correspondingly, this search requires meticulously examining the public records to get a clearer picture of someone’s properties.
Some data-gathering sources that investigators use are:
Moreover, investigators also use liens, case judgments and corporate records to get more accurate results that can strengthen a case’s credibility.
There can be specific situations where an asset search will benefit the legal team. These are some cases where an investigation is applicable.
Bankruptcy cases need verification to prove the accuracy of disclosed assets. Aside from accuracy, this confirms that the company or individual provided the complete information regarding their bankruptcy.
Upon receiving a positive ruling from the court, the plaintiff will need proof that the defendant is capable of paying. Additionally, the plaintiff’s team can leverage the other party’s assets and ensure fair compensation.
Cases that involve child support or spousal support use asset investigations to determine the other parent’s financial capability. Other than family law civil cases, this also applies to estate or probate cases if the deceased person did not disclose all of their assets.
The legal team can create a more solid case if they conduct an asset check before the litigation process begins. So, it is an opportunity to evaluate if the case is worth pursuing or not.
An asset investigation is a comprehensive process used to identify and evaluate an individual’s or a company’s visible or hidden assets. Often, these investigations uncover the actual financial standing of a party in legal disputes, business transactions, or financial recoveries. The key components of an asset investigation include:
Investigators examine publicly available documents such as property records, tax liens, UCC filings, and court judgments to trace ownership of tangible and intangible assets.
Investigators track ownership of real estate properties, including homes, commercial properties, and undeveloped land. This also includes reviewing mortgage details and identifying any potential equity in the property.
Detecting bank accounts, investment portfolios, or offshore holdings is critical to determining an individual’s or company’s liquid assets and financial status.
Investigators look into any ownership stakes or partnerships in businesses. This involves checking corporate records, shareholders, and directorships to determine financial interests tied to business entities.
Asset investigations often include identifying ownership of vehicles, including cars, boats, aircraft, or other high-value personal property, such as jewelry, collectibles, or artwork.
A vital aspect of asset investigations is uncovering attempts to hide, transfer, or disguise assets to avoid legal responsibility. In addition, investigators may track ownership transfers or financial movements to family members or offshore accounts.
Beyond identifying assets, it’s essential to assess liabilities such as loans, credit, and other obligations. These could significantly affect an individual’s or business’s net worth, making it a crucial part of the investigation.
In today’s digital age, investigators also explore online activities. This includes examining cryptocurrency holdings, intellectual property rights, or digital business ventures, which may serve as significant assets. Understanding and tracing these digital assets is becoming increasingly important in asset investigations.
FCA’s Asset Search can trace and identify various assets including but not limited to the following:
Our investigators work hard to deliver accurate information within the agreed timeline. We tailor our search strategies to fit the legal circumstances of our clients. All investigation processes follow legal guidelines to ensure discretion.
We track and trace an extensive array of assets to give you the clarity and insight needed for your legal cases or financial decisions.
Get precise and customized asset search with FCA. Submit a request now.
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