Does anyone owe you money? Are you in a business transaction where someone may owe you money soon? Asset searches make sure the borrowing party has the necessary assets to ensure you will be paid in full. Asset investigations occur daily to help individuals and companies satisfy their due dilligence, settle personal injury cases, collect debt, hire the right employee, and verify financial statements during a divorce or child support case.
What is an Asset Investigation?
Asset investigations (a.k.a. Asset Search, Asset Check) involve a nationwide search of public records to locate personal property or real estate held by a person or corporate entity. These searches will uncover value and any potential liabilities tha may be tied to the property.
How Does an Asset Investigation Work?
Asset investigations can be completed in a number of ways, all focusing on pieceing together the puzzle of an indivdual or company’s financial puzzle. Depending on why you need an asset check, the investigation can include a basic background check, a computer investigation, surveillance work, or a financial or business background check. Asset investigations basically work by uncovering exactly what sorts of collectible assets someone has. Whether you’re investigating a business or individual, an asset investigator will determine how likely you are to get money in a court case. An asset investigation can also tell you how secure someone’s assets are – before you trust a company or individual with your business.
Only an asset investigation conducted by a qualified private investigator can find out whether a business or person is using a fictitious business name, is using fraud, is hiding assets, or has multiple judgments or a track record of fraud against them. Knowing this can not only help you in court, but can also give you the information and facts that you need to do everyday business.